hi!!
RSI gives a warning signal about the ongoing trend when it gives a diveregnce.The divergence can be bullish or bearish.
But the main thing that confuses me is,if suppose one is analysing daily charts & we a divergence in price & RSI.But how many days of divergence shall be considered valid,because in daily charts we cud easily find a divergence if see prices of the same stock a month or two months before & as same in weekly charts.
I need help as how many days RSI divergence in daily charts & weekly charts should be payed attention & take it seriously.
Thank you,
REGARDS,
Vishal.
RSI gives a warning signal about the ongoing trend when it gives a diveregnce.The divergence can be bullish or bearish.
But the main thing that confuses me is,if suppose one is analysing daily charts & we a divergence in price & RSI.But how many days of divergence shall be considered valid,because in daily charts we cud easily find a divergence if see prices of the same stock a month or two months before & as same in weekly charts.
I need help as how many days RSI divergence in daily charts & weekly charts should be payed attention & take it seriously.
Thank you,
REGARDS,
Vishal.