Has Broken out of Rectangle/Rising Wedge/RSI Diversion
Also a bearish DIVERSION on RSI.
Price is over the bands but not overbought on RSI.
Price is also in a bearish rising wedge. It is not valid as the bottom trendline has not been broken.
No recommendation/Be safe.
Don't lose your shadow (o:
Price is over the bands but not overbought on RSI.
Price is also in a bearish rising wedge. It is not valid as the bottom trendline has not been broken.
No recommendation/Be safe.
Don't lose your shadow (o:
Comment:
We don’t even ask happiness, just a little less pain.”
Comment:
Price was in a divergence with RSI and seems to be correcting. Many will plot a bearish divergence using price peaks and a bullish divergence using price valleys. Other indicators can be used to plot Divergence such as Stochastics.