23 Feb 2022 ‚óŹ 06:11 AM

The Dow is close to a double bottom as well, so I am using a line chart here to show that on a closing basis we are much lower than last month and it will result in a positive divergence with the RSI indicator on top if we get a trend reversal here. Closing prices are important while looking at divergences because most indicators are calculated on closing prices. This remains a 4th wave when it completes.

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