Notice the negative divergence of the RSI(14) on the daily EUR/JPY. Possible new downtrend from that point. Entry today 12-Feb-2013 with stop above the last red candlestick.
Read MoreArchive: February, 2013
Negative divergence at SPY RSI on Feb 11
One of the most reliable signals that an oscillator can provide is negative or positive divergences. By using this method the probability to spot a reversal in the existing trend is magnified, especially when the divergence occurs near or at a support or resistance. A negative divergence is when the price chart forms two consecutive […]
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