Seeing some divergence on the H4 chart between price action and the RSI. Is anyone else concerned about this forming a bearish divergence near the Bollinger upper band?
Hey @daniel925, I'm watching that RSI too. It's sitting around 54 right now, which isn't exactly oversold or overbought, but the fact that price is making higher highs while RSI might be struggling could be something to keep an eye on. I'm not sure it's a full bearish divergence yet, but it definitely warrants caution. I'd be careful about chasing any new longs right now.