RSI divergence in trading occurs when the price of an asset and its Relative Strength Index (RSI) indicator move in opposite directions. This divergence suggests a weakening of the current trend and a potential reversal. For example, if the price makes a new high, but the RSI makes a lower high, it could indicate bearish divergence and a potential price drop. Conversely, if the price makes a new low, but the RSI makes a higher low, it could indicate bullish divergence and a potential price increase.
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Hello Everyone! 👋
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
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.