AAPL Signals Short Term DropOf the 71 times AAPL triggers a sell on my RSI indicator (the magenta arrow at the bottom of the chart), the stock drops 97.143% of the time in the following 25 trading days. During 37% of the successful drops, the stock moves upward for 1-4 more days after the signal occurs in what I call the delay period.
What qualifies as a successful drop? The sell signal was triggered based on the closing price of AAPL stock on July 10, 2024 at 232.98. This means 97% of the time the stock will move below this closing price in the near-term. 2.85% of the time, the stock does not drop below this price over the following 25 trading days. The stock has always dropped below the signal closing price by at least 0.266% over the next 100 trading days.
On the chart above, the red boxes at the top are the delay zones of interest. The larger red box contains 100% of all delayed movement. The smaller box contains the stock's top or peak of the delay for 50% of the occasions. The same holds true for the two large green target boxes on the bottom. The final downward movement bottoms in the smaller green box 50% of the time, while the much larger green box contains bottoms or valleys for all downward movement.
This delay period of potential continued upward movement has historically had a maximum 3% gain before the stock eventually dropped. Regarding the bottom of the drop. Over the next 25 bars, it can occur on any day in the range with the median bottom occurring by day 8. 75% of the bottoms have occurred before day 18. The stock drops a minim of 0.266%, and median of 5.021%. 25% of the bottoms are no lower than 2.152%, while 75% of the drops are 8.3% or less.
The four shallowest drops over the next 25 days have been 0.266% (September 2010), 0.312% (February 2017), 0.827% (March 2019), and, 0.868% (August 2020) while the four deepest drops have been 63.23% (August 2000), 26.58% (December 1999), 26.51% (January 2006), and 24.80% (September 1999). The most recent double-digit percentage drop was 15% in April 2019. All shallow drops occurred in the most recent strong bull market, while the largest drops were part of the dot-com bubble burst.
While this current potential drop will likely avoid the sharper end of sell-offs, it is always interesting to see the strength and accuracy of signals. Historical movement is not indicative of future movement, but it is good to have as a data point.
Rsi_overbought
ALB falling wedge - short then long?Starting from a weekly timeframe a falling wedge nearly 7 months in the making is observed on ALB charts. Notably the wedge formation appears beside rising momentum, drawing the supposition a price bottom could be forming.
Considering trades, the question is whether a breakout is imminent or if the price will break down once more to retest the bottom of the wedge. Drilling down a 4 hour timeframe provides some insight. Has momentum failed to reach overbought, portending a drawdown? It could also be we're waiting for the final push of the current thrust...
Overbought on the 4 hour chart could be nice for a couple reasons
opportunity for short term short position (buy PUTs)
setup to sell PUTs/buy CALLs at the bottom of the wedge, especially if momentum remains in an uptrend on longer duration charts (weekly, monthly)
I recently traded the bottom side of a wedge on UNG, could there be a double trade opportunity on ALB? A drop first, then a big push through the top of the wedge?
XPTUSD (Platinum) Trend Reversal ahead!Platinum is a rare but highly interesting metal, well suited for many use-cases.
One use-case might be to open a short position.
For about a week, OANDA:XPTUSD has formed higher lows on the 4h chart.
On the other hand - momentum fell on Wednesday, then rose again but then took another dip.
As a result of rising prices and falling momentum, we have a bearish divergence situation.
This bearish divergence is an indication of a potential trend reversal.
There are two indicators that support the hypothesis of a trend reversal:
RSI was overbought and now keeps falling
MACD is about to cross the signal line
Of course, there's no guarantee but there are at least 3 signs (divergence, RSI oversold, MACD crossover) that usually occur when a trend is about to reverse.
The profit target is the weekly pivot at around 903.232
EUR/CAD ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Overbought + Supply zone
🟠 EP 1.49437
🔴 SL 1.50724
🟢 TP1 1.48111 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.46692 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.45514 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
XAU/USD ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Supply zone + RSI Overbought
🟠 EP 2041
🔴 SL 2081
🟢 TP1 1999 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1960 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1920 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
BTC/USDT Short Trade Setup ⬇️Hello Everyone 🙋🏽♂️
RSI +Supply zone
🟠 EP 38012.42
🔴 SL 38471.24
🟢 TP1 37539.91 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 37087.95 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 36635.98 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
AUD/JPY ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Supply zone + RSI Overbought
🟠 EP 97.745
🔴 SL 99.535
🟢 TP1 95.785 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 94.400 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 92.980 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
FET/USDT Short Trade Setup ⬇️Hello Everyone 🙋🏽♂️
RSI + Supply zone
🟠 EP 0.5304
🔴 SL 0.5486
🟢 TP1 0.5111⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.4932⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.4748🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
1000PEPE/USDT Short trade setup ⬇️Hello Everyone 🙋🏽♂️
RSI + Supply zone
🟠 EP 0.0010979
🔴 SL 0.0011211
🟢 TP1 0.0010745⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.0010515⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.0010278🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Interpreting RSI (Relative Strength Index)The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements. It is a versatile tool that can be used to identify overbought and oversold conditions, as well as divergences and trend strength.
Overbought and Oversold Conditions
The RSI oscillates between 0 and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. These levels are not set in stone, and they can vary depending on the security and the market conditions. However, they are a good starting point for identifying potential buying and selling opportunities.
Overbought:
An RSI reading above 70 indicates that the security is overbought, which means that it has been trading up rapidly and may be due for a correction. However, it is important to note that the RSI can stay in overbought territory for an extended period of time before a correction occurs.
Overbought RSI indicator
ETHUSD(Day Chart)
As you can see in the chart, when the RSI indicator hit the 70 level, the price started dropping continuously.
Oversold:
An RSI reading below 30 indicates that the security is oversold, which means that it has been trading down rapidly and may be due for a bounce. However, like with overbought conditions, the RSI can stay in oversold territory for an extended period of time before a bounce occurs.
Oversold RSI indicator
BTCUSD (weekly Chart)
As you can see in the chart, when the RSI indicator hit the 30 level, the price started bouncing from the bottom level.
The RSI indicator has accurately predicted the bottoms of Bitcoin's major bear markets in 2015, 2018, and 2022.
Stay tuned for more updates on this topic.
Regards
Hexa
USD/CAD Sell order Setup ⬇️Hello Traders 🙋🏽♂️
RSI overbought + Nadaraya Watson signal
🟠 EP 1.37615
🔴 SL 1.37825
🟢 TP1 1.37405 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.37105 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.36965 🔥 ( Final result)🔥
⚜️ Please support us with like & comment & Follow
Disclaimer
---------------
Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
QTUM/USDT Sell Trade Setup ⬇️Hello Everyone 🙋🏽♂️
RSI + Supply zone + FVG
🟠 EP 3.0265
🔴 SL 3.2539
🟢 TP1 2.7839 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 2.5730 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 2.3377 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
KLAY/USDT Short Trade Setup ⬇️Hello Everyone 🙋🏽♂️
RSI + Nadaraya Watson
🟠 EP 0.18230
🔴 SL 0.19710
🟢 TP1 0.16665 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.15270 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.13785 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
NEAR/USDT Short Sell Trading ⬇️Hello Everyone 🙋🏽♂️
Overbought + Supply zone
🟠 EP 1.980
🔴 SL 2.081
🟢 TP1 1.860 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.740 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.618 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
EUR/CHF Short Trade Setup ⬇️Hello Traders 🙋🏽♂️
RSI overbought + Nadaraya Watson signal
🟠 EP 0.96656
🔴 SL 0.96771
🟢 TP1 0.96540 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.96425 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.96310 🔥 ( Final result)🔥
⚜️ Please support us with like & comment & Follow
Disclaimer
---------------
Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
Gold Sell Trade Setup ⬇️Hello Traders 🙋🏽♂️
RSI overbought + Nadaraya Watson signal
🟠 EP 1983
🔴 SL 1991
🟢 TP1 1975 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1968 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1960 🔥 ( Final result)🔥
⚜️ Please support us with like & comment & Follow
Disclaimer
---------------
Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
EUR/CAD Sell Trade Setup ⬇️Hello Traders 🙋🏽♂️
RSI overbought + Nadaraya Watson signal
🟠 EP 1.49790
🔴 SL 1.50155
🟢 TP1 1.49430 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.49075 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.48695 🔥 ( Final result)🔥
⚜️ Please support us with like & comment & Follow
Disclaimer
---------------
Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
AAPL's Overbought Indicators Hint at Possible CorrectionCurrently, Apple Inc. (AAPL) shares are presenting intriguing signals for discerning investors. Two key technical indicators, Stochastic RSI and MACD, provide indications that AAPL may have reached a point of overbought conditions.
Stochastic RSI, serving as a measure of market saturation, highlights AAPL's overbought condition, suggesting that the price has likely reached a level prone to correction or decline. Furthermore, MACD shows negative divergence, indicating the potential weakening of the upward momentum in prices.
It is essential to direct attention to the Support and Resistance level (SNR) around 182.34. This level not only boasts a strong history as a previous resistance level but may also play a significant role as a support level.
However, it is crucial to bear in mind that trading always involves risk, and trading decisions should be based on comprehensive analysis and well-calculated risk assessments.
BTC LONG RSI DIVHello everyone,
Bitcoin made a huge pump without overnight and passed 28k earlier this morning after multiple attempts
As we can see on the 15m chart we got an huge bullish divergence that corrected the strongly overbought RSI
We still evolve in an ascending channel and i think it's only a question of time before we see another similar pump
It's also worth noting that it's october and historically bitcoin never performed better than in october
Last but not least, i wish you a good and safe week, good trading to you and stay safe
(apologies for the poor english)
🚀 Unlocking Investment Opportunities: RSI Bullish Divergence📈On Bitcoin's daily chart, a promising signal has emerged – the RSI (Relative Strength Index) bullish divergence. This pattern suggests potential upward momentum.
🔍 Understanding RSI Divergence: RSI measures the strength of price movements. A bullish divergence occurs when RSI forms higher lows while the price forms lower lows. This implies weakening bearish momentum and hints at a possible trend reversal.
💡 How to Utilize It: Traders and investors often use RSI divergence as a buy signal. It suggests that despite a downtrend in prices, the underlying strength is growing. Consider this signal alongside other indicators and research before making investment decisions.
🔮 The Future of Bitcoin: While RSI divergence is an exciting development, remember that no signal guarantees success. Risk management and comprehensive analysis are crucial in navigating the dynamic crypto market.
Keep an eye on Bitcoin's RSI divergence; it could be a key to unlocking new investment opportunities. 🌐💰 #CryptoInvesting
Bitcoin's Oversold - RSI for Trading Success 📊📉🔍 Understanding Oversold: Imagine a market where fear has taken over, prices are plummeting, and panic seems to be the driving force. This is the realm of oversold conditions – a state where selling pressure has pushed prices to levels that might be considered undervalued.
📊 The RSI Signal: Enter the RSI, a tool that can help you identify whether an asset, like Bitcoin, is in oversold territory. The RSI measures the speed and change of price movements, indicating potential overbought or oversold conditions.
📉 Interpreting RSI: When the RSI value drops to 30 or below, it's a sign that the asset might be oversold. This means the selling pressure has potentially pushed the price too low, creating an opportunity for a potential rebound.
💡 Tactical Insight: Recognizing oversold conditions using RSI is like spotting a light at the end of a tunnel. It doesn't guarantee an immediate reversal, but it suggests that a potential turning point could be on the horizon.
🚀 Trading Strategy: So, how can you utilize this RSI insight? When Bitcoin's RSI drops below 30, it might be an opportunity to consider buying. Remember, timing is crucial – combining RSI with other indicators and trend analysis can refine your strategy.
So, what's the bottom line when it comes to RSI and identifying oversold conditions? 📊 It's about using tools like RSI to gauge market sentiment and recognize potential opportunities. Remember that trading is a blend of art and science, and RSI is just one tool in your toolkit.
Stay curious, keep honing your skills, and remember – while oversold conditions might signal potential reversals, they're just one piece of the crypto puzzle. 🚀🧩
❗See related ideas below❗
Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
NASDAQ Moving Lower (1W)NASDAQ Weekly
Price Chart
After forming a double bottom in late 2022 the NASDAQ bounced and has melted up from its lows approximately 48% confirming that it was more than just a bear market rally. Most recently the NASDAQ has run into resistance (Light Red Box) and has descended roughly 3% past a minor trend line on the daily chart (not shown). Shorter term EMA's are beginning to even out (12-day / 26-day) indicting the beginning of a change in the direction of price action which will most likely move lower towards the target supports (Light Green Boxes). If the bottom support (Red Solid) is broken (pretty big "if" at the moment) then the possibility of breaking the long-term trend line (Yellow Solid) will come into play, however at this point it is premature to assume this comes to fruition.
Relative Strength Indicator
The major trend line (Yellow Solid) highlights the divergence from price action beginning in May 2022 and confirming the double bottom ending in December 2022. Most recently the RSI has remained elevated above the 70 line indicating a strong trend, however, the RSI has fallen back below the 70 signaling weakness. The RSI most likely moves down toward the major trend line and major support (Red Solid) from this point. Considering a cradle is in play with the resistance and trend line crossing, it will more than likely bounce with price action allowing the price to attempt one more move higher but will ultimately fail along with RSI failing to make a higher high and confirming price action. If the support and trend are broken it is most likely game over.
On Balance Volume
OBV bounced along with price and RSI in December 2022 and continued higher while making two consecutive bull flags confirming the movement. The OBV has failed to move higher after encountering resistance (Aquamarine Dotted) while retesting the major trend line (Yellow Solid) and seemingly has begun to move lower (emphasis on begun to). It is also notable to mention that a minor trend line (Yellow Dotted) has created a cradle that the OBV has so far failed to break. If the major resistance (Red Solid) is broken then it is basically game over, but we have two areas of support (Light Green Boxes) that will need to be broken first. The major resistance has had previous breaks which led to major downturns that can be seen in December 2000, February 2005, and September 2008 (all shown above).
TDLR;
Just want the meat and potatoes huh? Don't worry our entrees always Seem Legit. Price action recently hit resistance and has begun to move lower while EMA's begin to flatten. There's a 3% move down from a minor trend line on the 1D (not shown). The RSI is showing a bearish divergence after remaining elevated over the 70 line and beginning to move lower. The OBV looks to be forming a double top, and has run into resistance from a major and a minor trend line. Don't forget that this could take months to play out since this is the weekly chart.
What Seems Legit?
Possibly a bounce here from the support formed Jan - Mar 2022 in conjunction with the 12-day or 26-day EMA, retest the recent high, fail to break it and begin to move lower. It might just push lower due to the RSI on the 1D moving below the 50 line (analysis of the 1D has been posted).
"History doesnt repeat itself but often it rhymes" -
- Tap the 50-day EMA and carry on (2019)
- Crash to the major trend line and carry on (2020)
- Break the major support on the OBV and head lower (2000, 2005, 2008)
Chart Key
Yellow Solid = Major Trend Line
Red Solid = Major Support
Aquamarine Solid = Divergences
Red Box = Major Resistance
Green Boxes = Supports / Target Areas
Trading RSI Divergence: Unveiling Potential Opportunities In the world of technical analysis, the Relative Strength Index (RSI) serves as a valuable tool for traders seeking to identify potential trend shifts and entry points. RSI divergence, a divergence between the RSI indicator and the price movement, is a powerful signal that can offer insights into upcoming price reversals. This article provides an in-depth exploration of how to identify RSI divergences and the different types that traders encounter.
Understanding RSI Divergence:
RSI divergence occurs when the movement of the RSI indicator diverges from the movement of the price chart. It can signal a change in momentum and a possible upcoming trend reversal. There are two main types of RSI divergence: bullish and bearish.
Bullish Divergence:
Bullish divergence happens when the price forms lower lows while the RSI forms higher lows. This suggests that although the price is trending downward, the RSI is showing potential upward momentum. Bullish divergence can indicate that a downtrend might be losing steam and a bullish reversal could be imminent.
Example of Bullish Divergence :
Bearish Divergence:
Bearish divergence occurs when the price forms higher highs while the RSI forms lower highs. In this scenario, the price is moving upward while the RSI indicates a potential loss of upward momentum. Bearish divergence can signal that an uptrend might be weakening and a bearish reversal could be on the horizon.
Example of Bearish Divergence :
Identifying RSI Divergence:
To spot RSI divergence, follow these steps:
Analyze Price and RSI Trends: Examine the price chart and the RSI indicator. Pay attention to the highs and lows on both the price chart and the RSI line.
Look for Discrepancies: In bullish divergence, when the price forms lower lows, check if the RSI forms higher lows. In bearish divergence, when the price forms higher highs, check if the RSI forms lower highs.
Confirm with Other Indicators: Utilize other technical indicators or chart patterns to confirm the divergence signal. These indicators can strengthen the validity of your divergence findings.
Consider the Trend: Evaluate the prevailing trend on higher timeframes. Divergence signals are more significant when they align with the broader trend direction.
Be Mindful of Timeframes: RSI divergence signals can occur on various timeframes. Consider using multiple timeframes to validate and refine your divergence analysis.
Conclusion:
RSI divergence is a potent tool that traders can use to identify potential trend reversals and entry points. By understanding the different types of RSI divergence and following a systematic approach to identification, traders can gain valuable insights into the underlying momentum of an asset's price movement. Remember that while RSI divergence can provide powerful signals, it's essential to use it in conjunction with other technical analysis tools for a comprehensive trading strategy. 🚀🔍