RSI Theory

31 Ağu 2018

This entire downtrend pattern has shown textbook RSI response. It may change any time, but i'm thinking there will be one or two more enactments of this pattern before a market reversal happens. None of the lines I drew in at the end represent accurate value, it's just a rough illustration. The thing to look for here is a lower high on the RSI. This indicates a strong sell signal. This should correspond to a higher high in the price. That will likely be the local peak.