Bearish DIvergen on 1H EUR/USD chart

27 May 2020

So i found the bearish divergence on 1H chart, as theory stated by my mentor that to confirm the divergence, it needs 2 candles bearish. Furthermore, After the confirmation. The next move is gonna be to the fibonacci ret 23% to validate the divergence. I say that this divergence will follow the 23-38-61 route. However, the reality might come out difference. so Let us see.

27 May 2020

Not

There are 3 route of retracement theory that i learn.
1. Bullshit divergence. Where the price couldnot even touch the 23% FIbo, Hence the price will go up while canceling the divergence.
2. the 23-38-61 Route. where the price will follow the route dilligently. afterward we can you elliot wave to identify the waves.
3. the 61 route, where the price will go down to touch the fibo 61% and then retreace a bit before continuing the bearish trend.