divergence seems to b a tricky subject -although most people use it to identify strength/weakness of the on going trend--i heard webinar of top technician from elliot who says that divergence is used by him for more than a decade--attached herewith two snap shots of index -as analysed by elliot technician--
point to ponder----which time frame is important for trading divergence---in the attached weekly chart one can see the divergence of RSX whereas in the daily chart RSX does not give divergence --
weekly divergence is seen for quite some time and still no sign of weakness in the price chart-
should one trade divergence on 5 min-15 min-30 min -hourly-two hourly chart -weekly chart and what could be the result
?---- i have used divergence on daily chart and result so far is extremely good -
any body has experience of other time frames ?
thanks