Reversal Signs on Divergence
Bullish Divergence forming after two large dips in oversold region on 1HR candles (30 min candles used here for clarity) accompanied by bearish descending triangle.
I can easily see a break down out of triangle just to reset RSI followed by quick up.
Stop @ 40.5
My triangle is sloppy, apologies.
I can easily see a break down out of triangle just to reset RSI followed by quick up.
Stop @ 40.5
My triangle is sloppy, apologies.
Related publications
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.