thE hAnDbook of tEchnicAL AnALySiSdegree. It is not necessary that both divergences be bullish or bearish, nor do they
need to be of the same type, but any alignment between the two setups would po-
tentially reinforce the signal. Figure 9.61 illustrates an inter wave cycle divergence
with similar divergent setups, whereas Figure 9.62 shows a chart of FXE Currency
Shares Euro Trust (NYSE) with inter wave cycle divergence comprising dissimilar
divergent setups, that is, reverse and standard bullish divergence.
Figure 9.61 Inter Wave Cycle Divergence of Similar Type.
Figure 9.62 Inter Wave Cycle Divergence on FXE.
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