Hypothetical/practice**
New high ground/new low ground areas make for excellent targeting zones and areas to obtain information.
ANticipation of downtrend continuation. But the unknown low ground may generate demand. Orders may have shifted.
Waiting for minimal demand as far away from new low ground as possible.
RSI @ 7 as adjunct. New low ground + oversold/ new high ground + overbought provides very telling clues of where the interest is. Volume/ Supply + demand analysis prudent and primary. However, if this is understood, RSI at a lower setting (5-7 I find) assists with drawing the analytic conclusion to maybe aid in seeing ahead.
You must be 2-3 steps ahead of SM.
GL
New high ground/new low ground areas make for excellent targeting zones and areas to obtain information.
ANticipation of downtrend continuation. But the unknown low ground may generate demand. Orders may have shifted.
Waiting for minimal demand as far away from new low ground as possible.
RSI @ 7 as adjunct. New low ground + oversold/ new high ground + overbought provides very telling clues of where the interest is. Volume/ Supply + demand analysis prudent and primary. However, if this is understood, RSI at a lower setting (5-7 I find) assists with drawing the analytic conclusion to maybe aid in seeing ahead.
You must be 2-3 steps ahead of SM.
GL