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Stocks Commodities V. 14:7 (285-289): Hidden Divergence by Barbara Star, Ph.D. Copyright (c) Technical Analysis Inc. Hidden Divergence NEW TECHNIQUES M Divergence, which is a term that techni- cians use when two or more averages or indices fail to show confirming trends, is one of the mainstays of technical analysis. Here’s a new way to use oscil- lators and divergence as well as meth- ods to locate entry levels during a trend. ost technical indicators mirror or confirm price movement. When price moves up, the indicator moves up; when price moves down, the indicator moves down. When prices peak, the indicator peaks; and when prices bottom, the indi- cator bottoms. Sometimes, however, a discrepancy occurs between price and indicator movement. That discrepancy is known as nonconfirmation and can be seen most clearly on overbought or over- sold indicators as well as on indicators that move above or below a zero line. Many traders only learn to recognize the type of nonconfirmation that occurs at market tops and bottoms, which is the classic divergence. But there are other forms of nonconfirmation I call hidden divergence (HD) that, when present, offer additional profit potential. by Barbara Star, Ph.D. M IK E C R E S S Y Stocks Commodities V. 14:7 (285-289): Hidden Divergence by Barbara Star, Ph.D. Copyright (c) Technical Analysis Inc. Hidden divergences are the opposite of classic divergences. Classic divergence looks for lower low prices accompanied by higher indicator values at price bottoms and higher high prices accompanied by lower indicator values at price tops. Hidden divergences, on the other hand, seek higher price lows accom- panied by lower indicator values during up moves and lower price highs accompanied by higher indicator values during down moves. Most hidden divergences signal continuation moves in the direction of the prevailing trend. Here are examples of each type of nonconfirmation using stock and commodity charts. Even though many indicat