Filatex - Bullish divergence RSI and Price
Updated
A bullish divergence happens when the Relative Strength Index (RSI) shows a low reading indicating oversold conditions, followed by a higher low in the RSI, while the price continues to make lower lows. This pattern may indicate that bullish momentum is building, and when the RSI breaks above the oversold level, it could be an opportunity to enter a new long position.
Above statement has been explained in the chart with invalid setup, when to enter and target to achieve.
Note: This chart is just for educational purpose.
Above statement has been explained in the chart with invalid setup, when to enter and target to achieve.
Note: This chart is just for educational purpose.
Trade closed: target reached
Educational Target closed!
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