$NIFTY 50 - RSI Bearish Divergence
The RSI plot disagrees with the price action.
The price has just made new higher highs, whereas the RSI plot is making new higher lows.
This is followed by a break below the 10 EMA after an aggressive bull market and another above average sized bearish candle just produced in December.
Remember that the future is hocus pocus. There are no certainties in life and in trading, just small asymmetries, which still need to be played out well.
Cheers,
Ruben
The price has just made new higher highs, whereas the RSI plot is making new higher lows.
This is followed by a break below the 10 EMA after an aggressive bull market and another above average sized bearish candle just produced in December.
Remember that the future is hocus pocus. There are no certainties in life and in trading, just small asymmetries, which still need to be played out well.
Cheers,
Ruben
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.