Hidden Bearish Divergence
Updated
The RSI appears to be showing hidden bearish divergence on the hourly time-frame in comparison to the price with Lower Highs on the price (LH) and Higher Lows on the RSI (HL), which is a bearish continuation pattern. For MACD to match RSI and further confirm the divergence, I suspect we'll see one more push to the mid 20's and then a drop to either 195 or 175.
This is not investment advice. This is for educational purposes and my own edification.
This is not investment advice. This is for educational purposes and my own edification.
Note
Went a little higher than I thought it would but seems to be forming a shooting star candlestick. The hour is young though.
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