THIS IS A CLEAR EXAMPLE OF RSI DIVERGENCE.
THE PRICE MADE NEW LOWS AND THE RSI DID NOT. WITH TODAY'S CLOSING ABOVE YESTERDAY'S CLOSE, I EXPECT IT TO MOVE TO 265/305 WITH A S/L OF 214
THE PRICE MADE NEW LOWS AND THE RSI DID NOT. WITH TODAY'S CLOSING ABOVE YESTERDAY'S CLOSE, I EXPECT IT TO MOVE TO 265/305 WITH A S/L OF 214
Trade closed: stop reached
it has happened. now we will see the prices to break the downward sloping trendline to move upwards swiftly.