SIlver is about to complete a three drives pattern . The completion of the pattern accompanied by a bullish divergence on RSI indicates a possible rebound in the coming few days to week. However, this is a framework for a trade, and thus wait for a setup over the short term to confirm your trade or a bullish candle.
Just want to get an idea of how you are reading the RSI. I see that you are using a higher low as a bullish signal, but if you look at the RSI from mid March to the beginning of April , it appears to be doing the opposite, yet it was followed by very bullish moves in the price action throughout April. Any thoughts on this? Thank you.