IYR, Daily, Bearish
There's a triple divergence on the IYR chart (U.S. Real Estate ETF).
1. First high
2. Second high, lower high on MACD
3. Third high, even lower high on MACD
There is some space between 1. and 2. on the MACD. I would appreciate if anyone knows whether the MACD gap would disqualify 1. as the first high in a divergence analysis.
1. First high
2. Second high, lower high on MACD
3. Third high, even lower high on MACD
There is some space between 1. and 2. on the MACD. I would appreciate if anyone knows whether the MACD gap would disqualify 1. as the first high in a divergence analysis.
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