any chartists view?, page-8

Hi Stockoe some good observations there.and thats true it is still making higher highs and higher lows so the med to long term uptrend is still intact. good point to remember!

I couldnt access that link to Robbbs chart so unless ive misunderstood ,I tried longer RSI settings up to (40) and it made no difference to the divergence.

The trend is currently intact and appears strong if looking at it with trending indicators, the trouble here is trending indicators lag a change in trend (ie price can drop significantly before a change in trend registers on a moving averge ribbon or a MACD for example.

RSI is the best (leading)indicator ive found in over 12 yrs,for short term divergence(trend change) warnings,and also the trendline on an RSI I find much better than on price its self.

the short term trend (7 days) is of lower highs and lower lows ie downtrend, and price seems to be churning here until it either finds strength for an up move or it gives up support.