ilmscore | RSI Strategy - Trend Continuation (Bullish) Predictions
N/A
Accuracy

Recent Predictions

Total: 1
Correct: 0
Incorrect: 0
Pending: 1
Unrated: 0
Prediction
Author
Predicted at
Status
Video
A bullish trend continuation strategy uses a 7-period RSI. Conditions are: price above the 50-period moving average, the 7-period RSI going above 70 (overbought), and a pullback to a major level of structure that has been previously broken and tested multiple times. Entry is signaled by buying pressure (e.g., a long-wicked candle) at this structure level, ideally also coinciding with the 50-period moving average acting as support. Stop loss is placed below the swing low of the pullback, and targets can be set at previous structure levels or a 1.4:1 reward-to-risk ratio.
"so here's an example of how i like to use the rsi for trend continuation if i double click on the rs..."
Sep 30, 2021
Pending