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Wednesday, 01/08/2020 1:09:41 PM

Wednesday, January 08, 2020 1:09:41 PM

Post# of 70338
Classic case of Divergence. "The word divergence itself means to separate and that is exactly what we are looking for today. Typically RSI will follow price as the EURUSD declines so will the indicator. Divergence occurs when price splits from the indicator and they begin heading in two different directions".

"Disagreement between the indicator and price is called divergence, and it can have significant implications for trade management. ... In a downtrend, divergence occurs when price makes a lower low, but the indicator does not. When divergence is spotted, there is a higher probability of a price retracement."

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