8/29/2023 0 Comments Daily bullish divergence rsiThese are typically price action traders. In fact, some people don’t want any indicators on their charts. Over-saturated charts are messy and hard to read. However, when adding tools and indicators to help you, you don’t want to over saturate your charts. Being able to identify momentum is an integral part of trading the stock market. There are many tools and indicators traders can use for stock trading. ![]() You can apply this same strategy to other lower indicators, like MACD or Money Flow Indicator too. The RSI or Relative Strength Index is a momentum indicator. RSI doesn’t confirm the low and shows momentum is strengthening. A bullish divergence RSI occurs when the stock makes a lower low while the RSI forms a higher low. ![]() For today, I will focus on one form of disagreement, the bullish divergence RSI. Luckily, this golden egg of opportunity is reflected in several different patterns. That is of course if you know what to do with the goose when you have it. If you got it and can spot it, you can profit. It can be akin to the goose that lays the golden egg for seasoned traders. A disagreement between momentum and price can be a dangerous situation for traders.
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