Textbook RSI divergence
Updated
As RSI is computed on the close, took the liberty to 'cut the Feb Candle'.
Happy to see that we are in progress of making a HH within the bearish RSI trend
To note: in 2000, after reclaiming most of it's initial loss (down 41%, up 44%), the NDX bounced of the upper bound before falling.
Ressources:
investopedia.com/terms/r/rsi.asp
Happy to see that we are in progress of making a HH within the bearish RSI trend
To note: in 2000, after reclaiming most of it's initial loss (down 41%, up 44%), the NDX bounced of the upper bound before falling.
Ressources:
investopedia.com/terms/r/rsi.asp
Note
Changed the RSI lower band to 50 as it seems to me it's proved as a reasonable support in the past decades. Only broken in major financial crisis.
Note
Didn't know that but TD already has a divergence indicator... good job TD!1D
1M
Note
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