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Figure 16-5
Trend Determination |
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see the RSI oscillator value after a rally make a retracement of 38, 50, or 61 percentpretty interesting stuff! I will keep my eye open for these patterns to emerge, and use them in my analysis. The most common pattern I find is a symmetrical triangle. I have found that the longer the RSI stays within the triangle the more violent the breakout becomes. |
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It is interesting that the RSI is contained between 0 and 100the same as the bullish consensus figures. Another way to perceive the RSI numbers |
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