rsi divergence

Discussion in 'Technical Analysis' started by happy trading, Jul 22, 2020.

  1. SunTrader

    SunTrader

    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.
     
    #11     Jul 24, 2020
  2. easymon1

    easymon1

    "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: Jul 24, 2020
    #12     Jul 24, 2020
  3. easymon1

    easymon1

    what start time and end time are you covering in your evaluation to determine if a divergence exists for the 1st example?
     
    Last edited: Jul 24, 2020
    #13     Jul 24, 2020
  4. SunTrader

    SunTrader

    Its your chart? And too tiny for my eyes to make out exact, or even close to it, times.
     
    #14     Jul 25, 2020
  5. easymon1

    easymon1

    did you click on the image to enlarge for readability?
     
    #15     Jul 25, 2020
  6. SunTrader

    SunTrader

    250am ET start of down move.
     
    #16     Jul 25, 2020
  7. .sigma

    .sigma

    wrap it up folks! Nothing more to be said here!
     
    #17     Jul 26, 2020