Discover and read the best of Twitter Threads about #Divergences
Most recents (3)
Master Thread 🧵| Index of all Twitter Threads and YouTube Videos of November and December month
Topics Covered:
Moving Averages (#MA)
Relative Strength Index (#RSI)
Trading #Divergences using RSI
#Trading #Investing #Thread #Learnings
Topics Covered:
Moving Averages (#MA)
Relative Strength Index (#RSI)
Trading #Divergences using RSI
#Trading #Investing #Thread #Learnings
Moving Averages (#MA)
Widely used indicator by traders but with a lesser understanding of what it reflects and how it should be analysed.
In this thread:
1. MA and possible use case to help you make trading decisions
2. Mean-reversion
3. Disparity
Widely used indicator by traders but with a lesser understanding of what it reflects and how it should be analysed.
In this thread:
1. MA and possible use case to help you make trading decisions
2. Mean-reversion
3. Disparity
Learning the concept and application of Moving Averages. We have discussed the nitty-gritty of using #MA in trading
"Trading Divergences in RSI."
In this thread 🧵, we will discuss:
1. What is Divergence
2. Why are they formed
3. Types of Divergences
4. #Trading RSI Divergence
In this thread 🧵, we will discuss:
1. What is Divergence
2. Why are they formed
3. Types of Divergences
4. #Trading RSI Divergence
1/n
I had discussed #RSI indicator in my last thread.
If you have not read about RSI, I will encourage you to read about that first before learning about Divergence
I had discussed #RSI indicator in my last thread.
If you have not read about RSI, I will encourage you to read about that first before learning about Divergence
2/n
What is a #Divergence?
It is when price & indicator are giving a different set of information. For instance, if price is going higher but indicator is not or viceversa, this shows that there is a dispute. In ideal case scenario – If price making high, indicator should also
What is a #Divergence?
It is when price & indicator are giving a different set of information. For instance, if price is going higher but indicator is not or viceversa, this shows that there is a dispute. In ideal case scenario – If price making high, indicator should also
Have you ever felt that you have lived the present situation before? Its called #Déjà vu. Right now I'm experiencing this moment in the markets. #PSUBanks are going through tough times. But this isnt new. They were in a similar situation back in 2016. (1/n)
#PSUBanks were dealing with NPA's and losses in Mar 2016. Their troubles are amplified after the #COVIDー19 outbreak. But it seems worst is over. Here's a weekly chart of #NiftyPSUBank index. (2/n) 
#PSUBanks are forming bullish divergence in #RelativeStrengthIndex(RSI) on weekly charts. #RSI is a momentum indicator. Bullish divergence in it indicates that ongoing downtrend is losing steam. It doesnt guarantee a reversal but increases the chances. (3/n)
