As RSI is computed on the close, took the liberty to 'cut the Feb Candle'.
Happy to see that we are in progress of making a HH within the bearish RSI trend
To note: in 2000, after reclaiming most of it's initial loss (down 41%, up 44%), the NDX bounced of the upper bound before falling.
Ressources:
www.investopedia.com/terms/r/rsi.asp
Happy to see that we are in progress of making a HH within the bearish RSI trend
To note: in 2000, after reclaiming most of it's initial loss (down 41%, up 44%), the NDX bounced of the upper bound before falling.
Ressources:
www.investopedia.com/terms/r/rsi.asp
Comment:
Changed the RSI lower band to 50 as it seems to me it's proved as a reasonable support in the past decades. Only broken in major financial crisis.
Comment:
Didn't know that but TD already has a divergence indicator... good job TD!
1D
1M
1D
Comment:
