The key to this trade is to have enough patience to wait for the right time and price to pull the trigger. Because the divergence forms for 2 days all the while the price is going down, opening the trade at any price during this time will face drawdown before the price finally reverses. I would say it takes practice to catch the perfect timing for pulling the trigger. But, even if you didn't pick the perfect entry, if you took the trade after it showed divergence, eventually the price moved above that level. Therefore, what is more important is to have conviction on your analysis to stay with the trade.
Some people say that the market moves in random, but I have discovered that the chart, the graphical representation of the market, is a precise technical mechanism that can be used to predict quite accurately future price moves. Some people also say that indicators lag and they don't work, but they simply don't know how to accurately read a chart.
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