rsi divergence

look at some of the links on the Failure Swing Pattern. ...
There might be answer in there somewhere? Anyway a failure swing is a failure swing.

Not my topic so if your point is on failure swings fine by me

But my question, like the topic, was on divergences?

BTW both the 2nd and 3rd images, unlike the 1st, did diverge.
 
There might be answer in there somewhere?

i have never researched divergences on the rsi. i recently noticed some big divergences.
can someone that trades with then or studied them

tell me "how indicative" the divergence is by itself.

thanks

"how indicative" you say?
in response to that i will ask
how indicative of what?
it is a good indication that momentum is diminishing.
Divergence indicates something is changing, but it does not mean the trend will reverse.
can momo resume in the same direction?
oh hell yeah.

that brings many traders to a next logical step...
The Failure Swing Setup, which is plotted on an RSI Divergence.
 
Last edited:
Back
Top