Dow Intraday divergences....

ChartMan

Legendary member
5,580 46
Today's 1 min. chart showing confirmed top by way of a double top, and Negative Divergence with confirmation ( both RSI and CCI) Also shown is unconfirmed Positive divergence and the switch from downtrend resistance to downtrend support. The falure of RSI to bounce on support signalled a possible end to the downrtrend. I have shown yesterday's triangle breakout as well. It wasn't clear cut, making a virtual fake-out, before continuing. The clue was in the fact that CCI was almost entirely above zero, with the peaks well above 100. and RSI peaking around the 70 level.
 

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