$NIFTY 50 - RSI Bearish Divergence
The RSI plot disagrees with the price action.
The price has just made new higher highs, whereas the RSI plot is making new higher lows.
This is followed by a break below the 10 EMA after an aggressive bull market and another above average sized bearish candle just produced in December.
Remember that the future is hocus pocus. There are no certainties in life and in trading, just small asymmetries, which still need to be played out well.
Cheers,
Ruben
The price has just made new higher highs, whereas the RSI plot is making new higher lows.
This is followed by a break below the 10 EMA after an aggressive bull market and another above average sized bearish candle just produced in December.
Remember that the future is hocus pocus. There are no certainties in life and in trading, just small asymmetries, which still need to be played out well.
Cheers,
Ruben
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.