If you look at the first bullish divergence in the white after it occurred there was a massive bullish breakout of about 40 % .
Now looking at the new bullish divergence in the blue, price has pulled down with lower lows and the RSI is showing higher highs. It is has started now, as I'm sure many of you can see that the price is following the RSI. It will only rise higher.
http://thepatternsite.com/divergence.html
Now looking at the new bullish divergence in the blue, price has pulled down with lower lows and the RSI is showing higher highs. It is has started now, as I'm sure many of you can see that the price is following the RSI. It will only rise higher.
http://thepatternsite.com/divergence.html
Comment:
where it says higher highs in which on the bottom left of the chart it should say higher lows, sorry.