Quote from NihabaAshi:
As some have mentioned already in this thread...
divergence doesn't only occur between price and some indicator.
Divergence signals are used by traders making trade decisions via indicators and by traders making divergence trade decisions via price action only methods.
I use both and both requires just as much study, preparation and concentration.
Also...divergence signals don't always occur at a top or bottom...
it can occur in pullbacks as a Long signal after a top or as a bearish signal as a failed counter-thrust after a bottom.
Simply...divergence is bigger than many traders think something some of us have been discussing in private message.
Therefore, to answer your questions...
Do you really need a "divergence" of some kind to identify a double top or bottom?
Nope...many other trading tools to help traders to target a top or bottom.
Is the price action really not clear enough?
Not always...especially when there's divergence in whatever your trading while market breadth indices are flat or indecisive.
Last of all...what may be simple to one trader...may be complex to another or vice versa...
this is obvious via the numerous debates at ET about what's simple or easy to understand.
I truly wish trading was easy.
If it was easy...the Psychology thread here at ET may be empty
NihabaAshi
Fine. Let us be modern, and agree to disagree.