Identifying Trend Reversals using RSI Divergences | Spotlight on Indicators Series
135Many traders consider divergences between the RSI and price action as being the most effective uses of this technical indicator to identify trend reversals. When a divergence (difference of 'opinion') between prices and RSI occurs, it is often a sign that the price has gone too far (has become overbought or oversold) and that a reversal in the current trend is imminent.
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This is Episode 22 in the Darwinex 'Spotlight on Trading Indicators' Playlist: https://www.youtube.com/playlist?list=PLv-cA-4O3y97HAd9OCvVKSfvQ8kkAGKlf
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Video Contents:
00:00 RSI Divergences
00:11 Why Darwinex?
01:06 RSI Divergence Examples
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