Anyone else notice the RSI divergence on the H4 chart? Price making lower lows but RSI is showing higher lows... could signal a potential reversal soon. Keep an eye on those pivot points too, S2 looks like it might get tested.
Hey @ironTide7, that's interesting about the RSI divergence. I'm still trying to understand how to read those charts properly. So, if the RSI is going up while the price is going down, does that mean it's likely to reverse and go up soon? Thanks for the tip!
grace1987PROnewbieFeb 21
@ironTide7 Interesting point about the RSI divergence. I'll have to take a closer look at that H4 chart myself. Thanks for the heads up!