ALKYLAMINE : Understanding RSI Positive Divergence
- RSI Positive divergence occurs when the price is in a downtrend but the indicator starts to rise.
- It is a condition where Price makes lower tops and lower bottoms whereas Indicators fail to do so.
- They make higher tops and higher bottoms. These are usually reliable signs as they predict prices are going to reverse.
From the above chart, you can see
On 27-03-2023 Price was at 2166 and RSI was 23.21
One 26-04-2024 Price was at 1808 and RSI was 26.90
So price was making lower lows and RSI was making higher lows, which show RSI Positive Divergence, which a signal of Trend Reversal.
Please do like the post if you learnt some this post
- It is a condition where Price makes lower tops and lower bottoms whereas Indicators fail to do so.
- They make higher tops and higher bottoms. These are usually reliable signs as they predict prices are going to reverse.
From the above chart, you can see
On 27-03-2023 Price was at 2166 and RSI was 23.21
One 26-04-2024 Price was at 1808 and RSI was 26.90
So price was making lower lows and RSI was making higher lows, which show RSI Positive Divergence, which a signal of Trend Reversal.
Please do like the post if you learnt some this post
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.