As we can see there is a small divergence happening here. The chart has given us a higher high but the MACD
does not indicate a high high. The difference is not that big so this is a small indication because we normally would like to see a bigger difference in the chart and MACD
. The other thing that could indicate a trend reversal is that the RSI
has broken above the 70 level and that the Heikin-Ashi has already given us the first red candle. This 3 things combined indicate that there could be a trend reversal.
PLEASE KNOW THIS : It is a very news driven market at the moment so the indicators are not as accurate as normally.