Here is a setup I was waiting for many days. Today it was triggered when the index moved above 5600 levels.
The setup is Hidden Bullish Divergence in RSI when RSI makes lower low and Prices do not make lower lows.
Since this setup is on weekly charts the move can be sharp also.
The last setup occurred at May lows and ultimately resulted in Sep breakout finally. Attached is the chart.
The setup is Hidden Bullish Divergence in RSI when RSI makes lower low and Prices do not make lower lows.
Since this setup is on weekly charts the move can be sharp also.
The last setup occurred at May lows and ultimately resulted in Sep breakout finally. Attached is the chart.
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