ilmscore | Prediction Details
"one of my favorite ways to trade these chart patterns as reversals is by simply adding an RSI indicator and using this RSI indicator as my signal that we're ready to reverse and what I mean by that is when the RSI is oversold it's telling you that the price of an asset has been pushing down for a while we know that what goes up must come down and in the same way with financial markets what goes down eventually will go back up as well at least for the most part and with that being the case what we're looking for now is going to be these same price patterns these same chart patterns you've learned the rules to already to happen when markets get oversold"
By The Trading Channel (The Trading Channel) | July 28, 2021 | Pending
From video
The Only Chart Pattern Trading Video You Will Ever Need... (New Strategies Included) 00:29:34 - 00:30:20
Interpreted Prediction
A reversal strategy can be built by adding an RSI indicator. For inverse Head and Shoulders patterns, look for them to occur when the market is oversold. For double tops or regular Head and Shoulders, look for them when the market is overbought.

Prediction Details

Topic
Reversal Strategy (RSI)

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.