Nasdaq 100 IndexUpdated Textbook RSI divergence
As RSI is computed on the close, took the liberty to 'cut the Feb Candle'.
Happy to see that we are in progress of making a HH within the bearish RSI trend
To note: in 2000, after reclaiming most of it's initial loss (down 41%, up 44%), the NDX bounced of the upper bound before falling.
Ressources:
investopedia.com/terms/r/rsi.asp
Happy to see that we are in progress of making a HH within the bearish RSI trend
To note: in 2000, after reclaiming most of it's initial loss (down 41%, up 44%), the NDX bounced of the upper bound before falling.
Ressources:
investopedia.com/terms/r/rsi.asp
Note
Changed the RSI lower band to 50 as it seems to me it's proved as a reasonable support in the past decades. Only broken in major financial crisis.
Note
Didn't know that but TD already has a divergence indicator... good job TD!1D
1M
Note
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