EA showing reversal signals on weekly chart
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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.