thE hAnDbook of tEchnicAL AnALySiSFigures 9.45 to 9.47 are chart examples of various standard and reverse di-
vergences in action.
In Figure 9.46, a series of consistent cyclic lows is identified on 3M stock.
Standard bullish divergence can be found between points 1 and 2, while standard
bearish divergence can be found between points 5 and 4 as well as between
Figure 9.43 Bullish and Bearish (Standard and Reverse) Divergence—Part 1.
Figure 9.42 Reverse Bullish (Double) Divergence on Pfizer Inc., NYSE.
Courtesy of Stockcharts.com