Bearish/Negative RSI Divergence observed today on BNF 15min chart. Te gap was just 2 candles and hence a steep fall even though the difference in price/RSI was minimal. Power of RSI divergence.
Comment:
Please ignore the trendlines. Just observe the peaks of price and RSI chart for 1400 and 1430 candles.
Closing price has gone up marginally and RSI has come down sightly. So, we are seeing bearish RSI divergence at top of an uptrend which foretells a price fall. The separation was only of 2 candles and there was huge price fall (200+ points) with a marginal divergence.
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Closing price has gone up marginally and RSI has come down sightly. So, we are seeing bearish RSI divergence at top of an uptrend which foretells a price fall. The separation was only of 2 candles and there was huge price fall (200+ points) with a marginal divergence.