How to identify Hidden divergence with the help of RSI

11 июн. 2019 г.

This example is bets suited for RSI hidden divergence.
We all know double bottom or double top RSi divergence to identify trend reversals.
But with the help of Hidden divergence we can find out trend continuation.
Lets start !!
- On 18 April stock is traded 411 and RSI shows the 51.29 reading .
- But it break the support level and fall further.
- it again renounce back to 411 level but this time RSI shows 68 levels which close to overbought region .
- At present condition we have resistance level 412 also.
- So we can Short it with the stop 412 on closing basis .

Only Condition is stock has to be in same trend Down or Up

See the Past example

12 июн. 2019 г.

Заметка

One more example for better understanding.

12 июн. 2019 г.

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One more Example...

12 июн. 2019 г.

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12 июн. 2019 г.

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It works in either direction for Long also, See example

18 июн. 2019 г.

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Trade paid off.