Short
SGL: look at that bearish divergence!
Bearish divergence:
The price action is making higher highs, while the indicator (RSI) is making lower highs.
Such a scenario indicates underlying weakness.
Bulls are exhausted.
Warning of a possible trend direction change from an uptrend to a downtrend.
Wait for further bearish technical confirmation.
The price action is making higher highs, while the indicator (RSI) is making lower highs.
Such a scenario indicates underlying weakness.
Bulls are exhausted.
Warning of a possible trend direction change from an uptrend to a downtrend.
Wait for further bearish technical confirmation.
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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.
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.