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Friday, March 5, 2021

The Bollinger Bands (2)

   

Bollinger Bands wih RSI.



Bollinger Bands with RSI combination. RSI oversold. Price is below lower band. Price and RSI have a divergence.


Bollinger Bands with RSI combination. RSI oversold. Price is below lower band. Price and RSI have a divergence.






Tips:
  • good setup is when price down below the lower band, and RSI also at very low position.
  • After price bounce back and go down below lower band again, but RSI next low point is higher than the previous one.
  • So this is a divergence. 
  • 2019 sept 24 is a long hint. It has divergence, rsi oversold, price below bollinger bands lower band.




Bollinger Bands with RSI combination. Three times price and RSI have divergence.
Bollinger Bands with RSI combination. Three times price and RSI have divergence.

Tips:
  • Here there are three times when price go down below lower band, the price and RSI have divergence as well.
  • Each time is a good buy hint.

We can look for a very low RSI point, and then make it as a base, look for the next time when price goes down fast to pierce the lower band and at the same time RSI have a divergence with the price.




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