Keep in mind we're in a rising wedge right now, which is bearish biased.
We made a higher high recently, but RSI made a lower high (bearish divergence).
Same exact thing happened just before the covid crash. We had a run up in price and higher highs on the RSI. Then as soon as the bearish divergence signalled, we got a crash.
We made a higher high recently, but RSI made a lower high (bearish divergence).
Same exact thing happened just before the covid crash. We had a run up in price and higher highs on the RSI. Then as soon as the bearish divergence signalled, we got a crash.
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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.