Explained in chart
Chart is descriptive
Price is moving high and high but RSI is not showing any strength...it's flat. So is it indication of downtrend in short term? Please someone advice.
Price is moving high and high but RSI is not giving proportionate rise, is that indicating downtrend in near term?
Price is rising but volume and RSI is correlated with price. RSI is showing bearish diversion. Time to short if strong bearish candle pattern is formed on top.
Price is rising day by day but volume is not falling....is it sign of bearish reversal? RSI is also in overbought zone.
Today's candle is closed forming kind of bearish Engulf and near to today's low, which indicates for downfall to come.
If closing below 1386.5 (yesterday's low) is good signal for short
RSI on daily and weekly chart showing bearish diversion. A bearish reversal candle will be signal for short.
RSI is not showing relevant strength with price. The day it will form pure bearish reversal candle, it can take call to short.
