As said before (here, in Portuguese), a divergence is a sign of warning that the current trend of an asset is losing strength. This signal can be given by various indicators simultaneously, thereby strengthening this warning.
In the charts above you can see that there was a bearish divergence between the price and the indicator - the Momentum in this particular case but it can be any indicator - because the higher closing price is not tracked by a higher or at least equal momentum but by a lower one. The monthly chart is starting to show a second divergence although it isn't clear yet and, thus, it isn't noted.
What does this mean? The trend is over? It can be over but it isn't the divergence(s) that tells you so! But it is a warning as said above. In this particular case, it is a flashing red alert because the divergence happens in the monthly and weekly charts, the most important time frames to the trend followers!
Good trades,
Dax Speculator
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