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.