The daily, Cable chart has this trend reversal signal put in on RSI. As you can see the divergence in the (red) resistance lines of the trend and RSI. Peaks 1 and 2. The run from 2 to A on RSI was able to breach the previous low (3 on RSI) putting in a “top failure swing”. Let’s see if the trend rolls over to the downside within the next trading week or so and gets into convergence with RSI (green resistance lines). Making a run at the 1.60 level. http://s798.photobucket.com/albums/yy266/bigmillers/?action=view¤t=failureswing-1.jpg
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