One of my favorite and most helpful tools when doing TA is identifying patterns on the RSI. Many understand that patterns like wedges and channels are extremely helpful in increasing the probability of a trade but many don't know that you can do the same with the RSI.
I have a few examples of this on my page but here's another one before the fact.
The RSI broke the ascending triangle to the downside and is in the middle of a bearish retest and potential rejection.
When the RSI breaks down before prices it usually means prices will follow.
I have a few examples of this on my page but here's another one before the fact.
The RSI broke the ascending triangle to the downside and is in the middle of a bearish retest and potential rejection.
When the RSI breaks down before prices it usually means prices will follow.