RSI (Relative Strength Index) is a commonly used technical indicator in trading that helps identify overbought and oversold conditions in the market. It measures the strength and speed of price movements and provides traders with valuable insights into potential trend reversals. When analyzing RSI, three types of divergences can be observed: regular, hidden, and...
Opposite of the bearish type. Both contain flat price action with however bullish version contains a rising 'higher low' present on the respective indicator. 4H chart.