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Rsi_divergence

RSI Crash Course - Why Most People Get REKTHere is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use it on the daily for this example Like anything in trading, the RSI is more complex than most people first suspect. However, I hope this tutorial simplifies it enough for you to improve your trading P.S. Video cuts out part way into my example, but you get the full tutorial and setup on how I use the RSI Hope you have a great day trading, Tchau
Education
by joshuashepherd877
EURJPY SELLCONFIRMATIONS - Price moved very heavy to the upside without any real major economic moves, I believe this happened for a major sell of for tomorrow. - Waiting for price to hit my fibonacci retracement to enter for a sell. - Big news coming out tomorrow. Main refinancing rate, monetary policy statement, and ECB press conference. - Price might not go as low as i'm expecting on my fib because I do think it is an uptrend but were are about to have a major correction. - Waiting for moving average to go under price. - Waiting for candlestick confirmations (shooting star, inverse hammer, double tops, and lastly a doji to confirm pattern reversal. - Price is completely overbought on my RSI indicator, which is a good sign price will fall.
Short
by KairosTrades
RSI divergence in EURUSD and USDJPY suggests DXY down, BTCUSD uphi there, fellows. we've shown in previous idea the inverse relationship between DXY and BTCUSDT. the main components of DXY are EUR and JPY. we see an RSI bullish divergence in EURUSD, as well as an RSI bearish divergence on USDJPY. that being true, DXY won't breakout the 109 resistance, thus now will BTCUSDT breakdown the 19k support meanwhile. coupled with the greatest accumulation in BTC history, we expect an upward move in BTCUSDT in the short term, potentially within 21k2, 22k5 range. that does not change the downtrend on BTCUSDT, nor the uptrend on DXY, rather we see it as a short term relieve. best regards.
Long
by greenfield_br
NG shows weakness and lost momentum !!NG was very bullish at the start of 2022. This massive Uptrend stopped in June and led to a correction at the 0.618 Fib line. After that, NG returns to the same old high, respecting the trend line and forming a significant Resistance. the RSI is showing a considerable divergence as the second high lost momentum to continue pushing higher. A break of the trend line in the next weeks will signal a huge short opportunity as the price may reach the 0.236 Fib line and if it breaks through the 0.382-Fib line as the second potential target.
NYMEX:NG1!
by aminearga
XAU/USD Gold Next MoveXAU / USD ( Gold / U.S Dollar ) Technical Analysis Chart Update Time Frame - H2 According to the Long Time Frame #LTL we have Falling Wedge Pattern and it has Rejected the Bearish Trend from the Lower Trend Line #LTL If we look in Shorter Time Frame #STF we have 2 Strong Levels for Sell ( 1745 - 1753 ) if it rejects from these Levels then we can Enter in Sell Another Thing we have is Strong Buying Divergence in #RSI 1753 is a good Level according to Daily Time Frame and Fibonacci Level - 78.60 as well
OANDA:XAUUSD
by ForexDetective