When price is in a uptrend making a higher high and the oscillator indicator is making a higher low this is a regular bearish divergence pattern.
Price reaches a new Higher High in 08 April 2022, while the RSI technical indicator registered a Higher Low in the same period of time.
A correction may soon be on the way.
Price reaches a new Higher High in 08 April 2022, while the RSI technical indicator registered a Higher Low in the same period of time.
A correction may soon be on the way.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
