Divergence between Price, RSI, and Stochastics seem to be pointing to a possible reversal soon.
Notice the divergence in July 2015 and September 2016 on the Weekly Chart. Price makes higher highs while RSI and Stochastic RSI both make lower highs.
This setup worked last time I posted, so figured I'd try again now that it has returned to upper trendline. Bought one Jan20 85p; sold one Jan6 74p for 6.85.
Price is in a uptrend chanel and bounced again on the support level. It should go to the up resistance level of the chanel.
With a good risk-reward ratio, this is a good opportunity to go long.
Español:
El precio se encuentra en un canal alcista, y rebotó nuevamente sobre la linea de soporte, ahora debería llegar hasta la resistencia superior del canal. Con un...
EA hit long term resistance where there was indecision candles now seeing bears about to break sideways resistance there is also hidden bearish divergence here showing this is where there is likely to be bearish momentum, we should keep an eye on this one for a set up this week
For more information in joining my professional signals group or professional online...
