Equities - Own What is Working! Pt. 4
Please check out my blog post for the full details:
www.derzzycharts.com...-own-what-is-working
Same exact deal, we have a bearish RSI divergence, so we have already taken a third of our position off, now we wait to see what happens next.
"Now we may be seeing a double RSI divergence coming up here, which is where we exit another third of our position. Very key to also think on the bullish side here and consider that the RSI could hit new highs, which discounts the bearish divergence. Very key to watch at these levels because we are either adding capital on the pullback or locking in gains if the double bearish divergence is confirmed."
What about GDX?
Equities - Own What is Working! Pt. 5
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
www.derzzycharts.com...-own-what-is-working
Same exact deal, we have a bearish RSI divergence, so we have already taken a third of our position off, now we wait to see what happens next.
"Now we may be seeing a double RSI divergence coming up here, which is where we exit another third of our position. Very key to also think on the bullish side here and consider that the RSI could hit new highs, which discounts the bearish divergence. Very key to watch at these levels because we are either adding capital on the pullback or locking in gains if the double bearish divergence is confirmed."
What about GDX?
Equities - Own What is Working! Pt. 5
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
