I did a series on top five indicators I don’t know if I even finished it but mwvap and rsi and regression I recall
Here is one of the more powerful way to use the rsi
Rsi price is the real price movements but also it give us deep clues on the market.
Ex if a market is trending down making lower Lows at the level support level on the rsi and the rsi is trending printing sideways this means the market is ranging at support and ranging at support is a sign that the market is trying to break the support. Here we see the market went to the low. Support zone and trued to range but got rejected upwards.
Now notices the white dot line this is the midline notice how we are getting bullish divergence there. This means price is going up but the rsi is divergent at the lows thus we can trendline this action on the rsi and connect the highs from where it rejected at the low
Thus the rsi is showing a flag pattern. This means that near upcoming we will have a bullish breakout as the rsi can predict future price action my it’s shapes the same way as it predicts future different in divergence.
This is a good method to confirm breakout patterns as many rsi traders mark up their i
Rsi more than the charts it’s an complex art but it’s works.
And I guess it just broke out as I’m doing this cus my alert went off .. gotta go 😀
Here is one of the more powerful way to use the rsi
Rsi price is the real price movements but also it give us deep clues on the market.
Ex if a market is trending down making lower Lows at the level support level on the rsi and the rsi is trending printing sideways this means the market is ranging at support and ranging at support is a sign that the market is trying to break the support. Here we see the market went to the low. Support zone and trued to range but got rejected upwards.
Now notices the white dot line this is the midline notice how we are getting bullish divergence there. This means price is going up but the rsi is divergent at the lows thus we can trendline this action on the rsi and connect the highs from where it rejected at the low
Thus the rsi is showing a flag pattern. This means that near upcoming we will have a bullish breakout as the rsi can predict future price action my it’s shapes the same way as it predicts future different in divergence.
This is a good method to confirm breakout patterns as many rsi traders mark up their i
Rsi more than the charts it’s an complex art but it’s works.
And I guess it just broke out as I’m doing this cus my alert went off .. gotta go 😀
