Negative or bearish divergence

Negative or bearish divergence - Occurs when two or more indicators or chart patterns do not yield the same analysis.
In the above chart the RSI is rising indicating an overbought (bearish) condition, whereas the currency continues to rise.

Negative or bearish divergence - Occurs when the direction of the price of a currency disagrees with the condition of a technical indicator.

A negative or bearish divergence occurs between the Oscillator and the price.
The Oscillator rises above 70 and then falls below the previous low established during the divergence (the actual sell signal). Closing existing positions: ...

See also: Bearish, Bearish divergence, Overbought, Divergence, Offer