American International Group is in an upward triangle. it met major resistance of 65 $ which was achieved in Oct 2017. the support level of 62.46 is broken i took a short position. but the trade is risky and reward is massive so chances of hitting Sl are high.
What are your thoughts on the bearish RSI divergence on weekly chart? Can you confirm that for me? Never traded bearish RSI divergences and am short AIG.
athwalamrit1994
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@CBMMR, rsi seems bearish on the weekly timeframe. I am still holding a short position but volatility is high. keep track of rsi if it reaches -20 then it could pull back.