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kumarankit231

Negative divergence and then positive reversal complete.

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INDIAN ENERGY EXCH (NSE:IEX)  
kumarankit231  
NSE:IEX   INDIAN ENERGY EXCH
Trend Analysis Chart Patterns IEX Divergence reversalpattern
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trendanalysis chartpattern iex divergence reversalpattern
A bearish(Negative) divergence occurs when the price makes a higher high and RSI makes a lower high.


A Positive Reversal occurs When the price makes a higher low while RSI makes a lower low. Price proceeds to rise. Positive Reversals only occur in Bullish Trends. Positive reversal trendlines are drawn on lows.
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