First we saw 5 min oversold RSI bounces, then 15 min, and now most recently it was hourly. This has lead to further lower lows on consolidation, but the first hourly oversold RSI since the breakout saw lots of bulls step in to be buyers. I expect to top out on this bounce shortly this morning and then consolidate for hourly higher lows. Bulls are still setting potential bull flags on the daily charts and looking for continuation today or tomorrow. Bulls looking for a position will be adding an hourly higher low and placing stops below the low of this pullback.
> First we saw 5 min oversold RSI bounces, then 15 min, and now most recently it was hourly.
RSI 5min: 22.02
RSI 15min: 18.96
RSI 60min (hourly): 26.56
RSI 240min (4 hours): 52.75
CheQuera
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Hi Dan and or "TheChartGuys",
I tried to post a translation of your text into spanisch again today like I did yesterday but now the software doesn't allow me to do so.
It says that I can only add comments in English.
So right now I'm not sure if you setup that restriction because you don't like this approach or if this was just triggered by tradingview or someone who denounced my effort.
It's a pitty because on one hand I'm left with the doubt if you are uncomfortable with my effort which I just saw as a way to do another "good thing".
(after planting a medical fence of aloe arborescense miller - I published that effort on the "bitPickup" youtube channel, remember?)
I hope you don't mind if I publish your observations in my channel in spanisch with the respective reference.
To be clear, it's not my goal to dress myself with foreign feathers ("sich mit fremden Federn schmücken") but to spread knowledge.
RSI 5min: 22.02
RSI 15min: 18.96
RSI 60min (hourly): 26.56
RSI 240min (4 hours): 52.75