suissedivergence

suissedivergence

Even if OBV as state-of-the art volume indicator suggests a healthy uptrend, RSI and MACD tells a different story. It seems like RSI shows some signs of divergence while forming lower highs while the price is forming higher highs. For me the RSI-Indicator or Oscillator is comparable to a Momentum-Line showing if a trend slows down or speeds up. Let's see what...

suissedivergence

I now open here a little short position as -not yet confirmed- rsi-divergence is in developement, OBV is decreasing and MACD also suggested a sell order two days ago. Stoploss is placed just above the previous high. Will keep this updated!

suissedivergence

As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses. If the short plays out well I would try...