RSI BULLISH DIVERGENCE ON WEEKLY CHART !!!!
Hello to everyone
The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe. The price hit the target of 1228. Now the price is near the strong weekly support zone. The level of 1200--1230 is strong demand zone and there is RSI Bullish Divergence on daily timeframe. Near the support level RSI Bullish Divergence can play a crucial role for swing reversal. The price can take support at the mentioned support level and may go upside for the initial upper targets. My first initial target is 1290 & 1330- 1360.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe. The price hit the target of 1228. Now the price is near the strong weekly support zone. The level of 1200--1230 is strong demand zone and there is RSI Bullish Divergence on daily timeframe. Near the support level RSI Bullish Divergence can play a crucial role for swing reversal. The price can take support at the mentioned support level and may go upside for the initial upper targets. My first initial target is 1290 & 1330- 1360.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.