Divergance
In this example on EURUSD we see classic divergence. When the candle is closing opposite direction of the RSI. You will find often times the RSI is right. Because RSI indicator is programmed to accurately monitor price action the best of all lagging indicators.
Happy Trading Family!
Happy Trading Family!
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.