GKP hourly 06/06/13
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Just a quick update as there's not really a lot to add here. The RSI broke down through the support formed from the 126p low bullish divergence and that confirms the end of the rise to me.
Note also how the price high came not at the first bearish divergence, but at the second one. That is quite a common feature of RSI. It can't be 100% relied upon but is does happen often.
Note also how the price high came not at the first bearish divergence, but at the second one. That is quite a common feature of RSI. It can't be 100% relied upon but is does happen often.
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