Not exact matches
Bearish divergence, when price makes a
new high but the RSI does not is taken as a sell
signal.
Still, we always respect a
bearish market timing
signal by moving to cash and / or tightening up stops on long positions and waiting for conditions to improve before establishing
new long positions.
In the above ground world, we are seeing that
new investors and traders are responding heavily to technical
signals which continue to paint a
bearish, risk - off scenario.
Five days later, the euro confirmed a
bearish reaction swing and triggered a
new sell
signal at 1.4280.
Howbeit, the pattern is triggered in the form of a diamond top (
bearish signal) and diamond bottom (bullish
signal), and usually typifies a period of congestion before a
new trend emerges in the market.
Built using a mixed series of weighted and non-weighted sentiment data, the Thovallo Sentiment Model is proven to generate highly reliable longer term market turn
signals (bullish or
bearish) that indicate the onset of a
new trend and the end of the previous trend with its main application to the price trends of the S&P 500 Index.