Price makes a lower high
+
Indicator (RSI) makes a higher high
=
Hidden bearish divergence
It's some hopium for the bears after that big green candle today. Wouldn't put too much weight on it. But there it is for whatever it's worth!
Bulls aren't completely out of the woods yet.
+
Indicator (RSI) makes a higher high
=
Hidden bearish divergence
It's some hopium for the bears after that big green candle today. Wouldn't put too much weight on it. But there it is for whatever it's worth!
Bulls aren't completely out of the woods yet.
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here is the same idea on the 1D chart
