Price on the weekly chart is overall in a downtrend making lower highs and lower lows and where price at right now is expected to be a lower high.
There is a divergence as well, lower high higher high which are my favorites because RSI is in our favor compared to the hidden divergences.
It's at the top of the bollinger band and made a doji for last weeks candle and as of right now the candle spiked up and is just a little above where it closed last week.
There is a divergence as well, lower high higher high which are my favorites because RSI is in our favor compared to the hidden divergences.
It's at the top of the bollinger band and made a doji for last weeks candle and as of right now the candle spiked up and is just a little above where it closed last week.
Comment:
This is taking longer than expected but it's still a valid divergence.