THIS IS A CLEAR EXAMPLE OF RSI DIVERGENCE.
THE PRICE MADE NEW LOWS AND THE RSI DID NOT. WITH TODAY'S CLOSING ABOVE YESTERDAY'S CLOSE, I EXPECT IT TO MOVE TO 265/305 WITH A S/L OF 214
THE PRICE MADE NEW LOWS AND THE RSI DID NOT. WITH TODAY'S CLOSING ABOVE YESTERDAY'S CLOSE, I EXPECT IT TO MOVE TO 265/305 WITH A S/L OF 214
Note
As expected, I recommended going long at 232 and was expecting a positive close above yesterdays's close.it has happened. now we will see the prices to break the downward sloping trendline to move upwards swiftly.
Trade closed: stop reached
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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.