Looking at the weekly chart of the S&P500, you can see the price has been making higher highs since January 2018.
However, the RSI indicator hasn’t…
The RSI or Relative Strength Index is a popular indicator used for when you buy or sell trades.
All you need to know is the RSI measures the speed and change of market price movements.
Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy...
How to apply the Oscillator Divergence Indicator by JDLim to your favourite oscillator.
1. Like the script "Oscillator Divergences by JDLim"
2. Add your favorite oscillator to your chart.
3. Apply the "Oscillator Divergences by JDLim" to that indicator.
4. Confirm the correct input source is selected.
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The market was moving in a good uptrend.
Now it is getting weak because of the trendlines you can see and the volatility decreases.
It is now possible to slowly start a new downtrend.
Furthermore, the RSI is firstly overbought and secoundly it shows a divergence.
We recommend to sell the brakout with two 2TP-Targets with a risk-to-reward of 1 to...
In front of you the weekly chart (!) of XLM
As you can see there is a bullish divergence on the RSI. On the weekly chart. Yes.
It means that the price is decreasing while the RSI is increasing.
That's a pretty big bullish signal.
imo bulls are taking positions for a new bull run.
Appreciate your likes, thanks for that.
I think the gold is going down that is due to the dip in MACD and the semi saturation in STOCHASTIC there is good movement on RSI
-* I think that if it is reflected in the specified area I will sell *-
Considering the daily time frame showing possible bullish divergence.
If we're following Elliott wave theory it seems a long WXY correction is not yet over. As it must respect Fibonacci ratios which are most the golden ratio of 61.8.
The bull scenario here if it will break out from the trend line resistance. It's still possible since bullish divergence is...
In front of you the 4hr chart of XRP, I'm using some indicators: MACD, RSI, MA200 and support & resistance lines (actually a multi-indicator)
Bullish scenario with arguments / conditions
- Right now xrp is in a triangle with a 80% chance breaking up.
- RSI is showing bullish divergence (also on daily chart)
- Macd is building bullish move
- If it breaks up...
Believe we're at the bottom of a Falling Wedge.
Bullish Divergences on the MACD and RSI
See 95 - 115 SAT incoming then a correction to the low 60's.
My opinions, Not Financial Advice!
Good luck Traders!
Thanks for checking out this post, sorry about the right side of the graph, if you take your time with it I think it'll make sense, everything there is important, and I'll answer any questions you may have. I think right now we are in a B wave of an ABC to the downside, details are in the chart visual and verbal.
EurNzd has developed a RSI divergence in h1 chart, the volume on the last candle are high and it represents a bigger interest for the sellers than the buyer; price has had touched 161.8 extension of Fibonacci and it is usually an important resistance level.
I will update tp and sl
Well, oil shot up this morning (I know ... news flash!), and it shot up really BIG! At one point it was touching the 15% gain mark, but has since retreated, while creating a double top.
I played the big gain, and now I'm going to play the profit taking.
Double top, RSI divergence, and a shooting star ... what's not to like if you wanna play this short?
Although the USD/JPY ratio is increasing last couple days. RSI is not supporting this increase. It seems that RSI is weakining day by day. This might take the ratio down a little bit. Target would be around 107,2 a new rally may start after this reaction.
CADJPY on the 4hr timeframe is starting to form a bearish pattern at the key resistance.
The market is currently testing the daily head and shoulders neckline and looks to have formed a double top
with RSI divergence as confluence. This is a good short opportunity with targets of the demand zone at 80.73.