FTSE 100 - watch out for bearish divergence on 4-hour chart
The RSI is hovering in the overbought territory, however, the bullish momentum is very strong and it would take more than just overbought RSI to trigger a correction.
A potential bearish price RSI divergence could yield a corrective move to 7122 levels.
Taking note of the critical levels on the lower side is very easy when the index is at record highs. However, the challenge is here to spot key levels in the uncharted territory.
Resistance - 7345 (red trend line)
A potential bearish price RSI divergence could yield a corrective move to 7122 levels.
Taking note of the critical levels on the lower side is very easy when the index is at record highs. However, the challenge is here to spot key levels in the uncharted territory.
Resistance - 7345 (red trend line)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.