"See that the price action creates lower bottoms on the chart. At the same time, the RSI sets higher bottoms in the indicator area. This creates a strong bullish divergence on the chart.
Once this discrepancy resolves itself, the price begins a strong bullish trend higher."
Once this discrepancy resolves itself, the price begins a strong bullish trend higher."
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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.