Divergence doesn't mean that there will be a reversal of the trend... It simply signals us that there might be a change on the prior trend... can be sideways... sideways to up or sideways to down or totally reversal of trend.
Now PSEi, is retesting my 110SMA and horizontal support line. A bounce at this level we might be seeing a triangle formation (Descending?) Hope maging Symmetrical.
So plan your trades well as we are about to test a critical support.
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