A fellow trader here on Trading View needed some help with a trade he is taking.
Commonly when an RSI makes a new LOW and price makes an opposing HIGH this is called a "Bearish Divergence"
When this happens, its expected that price will follow and make new Lows or start moving down.
But what happens when price continues to move up?
Why would it go against the momentum of the all mighty RSI?
How is it possible that price can reject what the RSI wants to do?
Well the answer is VOLUME and who is in control of it. The Bulls or the Bears...and whomever is in control, will always win.
In this video you'll see something else to look out for when trading divergences so you can predicts which way price will breakout.
Commonly when an RSI makes a new LOW and price makes an opposing HIGH this is called a "Bearish Divergence"
When this happens, its expected that price will follow and make new Lows or start moving down.
But what happens when price continues to move up?
Why would it go against the momentum of the all mighty RSI?
How is it possible that price can reject what the RSI wants to do?
Well the answer is VOLUME and who is in control of it. The Bulls or the Bears...and whomever is in control, will always win.
In this video you'll see something else to look out for when trading divergences so you can predicts which way price will breakout.
Discord = discord.gg/EAncX5TpfB
coffeeshopcrypto3@gmail.com
coffeeshopcrypto3@gmail.com
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Discord = discord.gg/EAncX5TpfB
coffeeshopcrypto3@gmail.com
coffeeshopcrypto3@gmail.com
関連の投稿
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。