Regarding RSI Divergences...I know a lot of them are showing up everywhere on equities. They are valid and something to watch for but make sure you're considering the flipside hidden divergence as well.
Ideally you'd want RSI of the bounce to be lower than previous bounce's RSI
Ideally you'd want RSI of the bounce to be lower than previous bounce's RSI
I like to think of RSI as this:
RSI gives you a picture of the current momentum, whether it's with the sellers or buyers. RSI shows you which side is pressing on the gas pedal harder and the price's response will show you how much that's actually helping.
RSI gives you a picture of the current momentum, whether it's with the sellers or buyers. RSI shows you which side is pressing on the gas pedal harder and the price's response will show you how much that's actually helping.