Is this a new type of divergence? (widths of top looking structures seen in chart, but are they? could they be hiding their true identity and transgendering into bottoms right before your very eyes?
Using an MRI Scan on the RSI, we can see it actually might be a WEAKER TOP, why does it look so small in the RSI?
I think this might be a new type of divergence I discovered.
The red marker indicates what looks like a "top" in the chart, but actually looks possibly more like a bottom-looking-structure, in the RSI. You can back test this yourself, look for dumps in the past, and compare, I can bet the Bottoms in the RSI will appear to be getting more narrow, and the tops becoming much wider and more pronounced before a dump. Just IMO & as always, HAPPY TRADING! :)
Narrow
CL1! - Trade Levels for 10th Oct 2016These Levels mark the anticipated extremities of intraday price movement. This is an "intraday" COUNTER-TREND trading strategy. Narrow range expected for today.
SHORT between 50.00 & 50.15. Stop: 20 ticks; target: 40-60 ticks.
LONG between 48.65 & 48.80. Stop: 20 ticks; target: 40-60 ticks.
8x8 Narrow Wedge-Triangle8x8 Inc. EGHT forms “Bottom Triangle - Bottom Wedge” pattern
Optionable Stock
4th Qrt Earnings May 19
This stock has formed a pattern called Bottom Triangle - Bottom Wedge, providing a target price for the intermediate-term in the range of 13.80 to 14.30.
The faster moving average recently crossed above the slower moving average, signaling a new uptrend has been established.
pennies to thousands low price growth possibilitylooks good next stop is 50 day moving average then cloud pick our book on amazon pennies to thousands to see our rules for entry and exit