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Hi @Cabbie - APT - RSI "swing failure" or normal divergence?!

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Rooster100

257 Posts.

491

07/03/19

08:11

Post #: 37679821
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Originally posted by Cabbie: ↑

A long way back I mentioned a "swing failure" using the RSI indicator to a poster who used the RSI divergences extensively and I always meant to give an example.

The swing failure is a normal divergence in the RSI and price but with a very strong twist, it is rare and when it does occur the result is usually very strong in the direction of the failure. I was looking at ANW today and noticed almost the perfect example of a bearish swing failure back in October and the subsequent slide in the sp - I hope this explains it.

As I have noted you can reverse everything for a bullish swing at the bottom of a trend.

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Hi @Cabbie - APT - RSI "swing failure" or normal divergence?!

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