Ah, I see exactly what you’re asking — the classic “MACD divergence at the top, but price keeps climbing” situation. Let’s break it down carefully.

1️⃣ What MACD divergence actually signals

Bearish divergence: Price makes higher highs, but MACD (or its histogram) makes lower highs. This usually indicates momentum is weakening.

Expectation: A pullback or correction may follow, because buyers are losing strength.

2️⃣ Why price might not pull back immediately

Even if MACD diverges, the market can continue to climb for several reasons:

Strong underlying trend / fundamentals

If the market has strong bullish catalysts (upgrades, adoption news, institutional inflows), price can ignore short-term momentum signals.

MACD divergence signals weakening momentum, not an immediate reversal.

Lagging nature of MACD

MACD is calculated from moving averages (12/26 EMA by default).

It lags price action, so divergence can appear well before the pullback starts.

Volume & market psychology

As long as buyers continue to step in and volume supports the trend, price can climb despite weakening momentum.

Divergence is more like a yellow flag, not a red stop sign.

Consolidation before pullback

Sometimes divergence triggers sideways movement first, rather than an immediate drop.

The market “digests” the gains while waiting for fresh orders to push it higher or trigger sellers.

3️⃣ How to use divergence wisely

Don’t treat divergence as an automatic sell signal.

Combine with:

Support/resistance levels

Candlestick patterns

Volume trends

You might wait for confirmation: e.g., MACD crossover, break of short-term EMA, or price breaking below support.

💡 Key takeaway:

MACD divergence at the top is a warning of potential weakness, but it doesn’t guarantee an immediate pullback. Momentum can stay positive if buyers are strong, and the divergence just tells you: “be ready for a correction, but it might take time.”