Updated version HERE:
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I've tried to spot every RSI divergences possible post April-2013 bubble on a daily chart. Maybe some are missing, just let a comment to notify. But I think everything is there.
I found out:
- 3 majors RSI div. in blue.
- 3 minors RSI div. in light gray. I called them like this because they weren't significant, as they were quite flat OR within 70 - 30 RSI range OR not on major highs, lows.
Remarkable results:
- Surprisingly RSI divergences are quite scarce.
- ... and one is probably in the making !
- 50% success rate for now (1 fail, 1 sucess).
Given this last RSI divergence, there are good odds that we won't make a new lower (<$275) anytime soon. And it gives a strong pontential bounce in the making if the RSI goes back over 30 (key level IMO).
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Here is a good ressource about RSI div: www.forexmt4.com/Gyu...ence Cheat Sheet.pdf
There are 4 RSI Divergences setups
* Regular Bearish Divergence
* Regular Bullish Divergence
* Hidden Bearish Divergence
* Hidden Bullish Divergence
Cheat sheet here: www.babypips.com/sch...nce-cheat-sheet.html