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Relative Strength Index (RSI)

GBPAUD Correct PA| POC Support| PA Range Evening Traders, Today's Analysis - GBPAUD's - trading with corrective price action that will lead to a bounce Points to conside, - price action corrective - local range low lost - nPOC Support - range reclaim = deviation GBPAUD's immidiate price action is trading at a key support that is the nPOC, a bounce here with a reclaim of the local range will confirm a deviation, this will allow for a bullish bias. the immediate objective will then become the .618 Fibaoncci of the recent impulsive leg down. price action is to be used upon discretion/ management when executing this trade hope this analysis helps, thank you for following my work and remember, “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” ― Yvan Byeajee
Long
by AzizKhanZamani
2
RSI Crash Course - Why Most People Get REKTHere is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use it on the daily for this example Like anything in trading, the RSI is more complex than most people first suspect. However, I hope this tutorial simplifies it enough for you to improve your trading P.S. Video cuts out part way into my example, but you get the full tutorial and setup on how I use the RSI Hope you have a great day trading, Tchau
Education
by joshuashepherd877
GME: RSI Update, Dip Before the RipGood morning, Last time we fell below the 30 mark on the RSI we saw a 90%+ move up and the other two times it fell to this level we saw 50-100%+ move up as well. I'm factoring in a 60%+ move up as this is like a spring that has been compressed and is ready to explode. I also overlayed November 2021 cycle and it looks like we're following that perfectly. Downside PT: 22.12 / 21.87 (support) Upside PT: Fill the gap at 27, 37 and 40. As always, NOT financial or sexual advice. Good luck!
NYSE:GMELong
by SierrasTrades
4
EURUSD Monthly S/R Support| Price Action| Trend Evening Traders, Today's analysis, EURUSD - trading towards a key resistance level where a bearish retest is possible, Points to consider, - Price Action Corrective - POC S/R Resistance - .618 Fibaoncci Resistance - Bearish OB Resistance - Low Volume EURUSD's immediate price action is corrective, the bounce is on low volume and approaching a key trade location with resistance confluence, this allows for a bearish bias. The resistance is the .618 Fibonacci, POC S/R and a Bearish OB, price action is likely to have a rejection of this level, a reclaim will be a strong bullish sign, invalidating the trade. The objective is the lower Daily S/R support and the overall Monthly S/R Price action is to be used upon discretion/ management, hope this analysis helps remember, "Amateurs think about how much money they can make. Professionals think about how much money they could lose." –Jack Schwager.
by AzizKhanZamani
EUR/USD: Movement by fundamental analysis!!!Fundamental Analysis: ***1) Germany, Europe's largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and businesses from soaring inflation, economists say. 2) The latest package brings to 95 billion euros the amount allocated to inflation-busting since the Ukraine war began in February. By contrast, the government spent 300 billion euros on propping up the economy over the two years of the pandemic. 3) European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows via a major pipeline, sending another shock wave through economies in the region still struggling to recover from the pandemic. 4) European Union governments are pushing through multi-billion euro packages to prevent utilities buckling under a liquidity squeeze and to protect households from soaring energy bills. 5) Europe has accused Russia of weaponising energy supplies in retaliation for Western sanctions imposed on Moscow over its invasion of Ukraine. Russia blames those sanctions for causing the gas supply problems, which were down to a pipeline fault 6) European stock indexes fell on Monday, the euro dropped below 99 cents for the first time in twenty years and European gas prices surged after Russia said its main gas supply pipeline to Europe would stay shut. 7) European gas prices jumped as much as 30% as the market opened, and Germany announced on Sunday around $65 billion of support to help protect Germans from rising costs. 8) Finland and Sweden also announced plans to offer liquidity guarantees to power companies. Finland's economic affairs minister warned of the possibility of "kind of a Lehman Brothers" in the energy industry, referring to the 2008 collapse. 9) The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. 10) Germany's services sector contracted for a second month running in August as domestic demand came under pressure from soaring inflation and faltering confidence, a survey showed on Monday. 11) Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and gloomy economic outlook curtailing their purchases, a survey showed. ***12) The European Central Bank meets later this week, and is widely expected to raise interest rates given inflation is rapidly approaching double digits in the Eurozone and the policymakers have become worried about high prices becoming firmly entrenched. 13) The euro sank below $0.99 to a new 20-year low on Monday after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. 14) ECB officials will be keen to see the euro, which has lost around 8% of its value in the past three months, stabilise. That will feed into the desire to try to tame inflation through tightening policy. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- So guys, what I found out it's that Germany Government make an investment of 65 billion (Euros) on shielding energy customers and businesses from soaring inflation and $95 billion (Euros) the amount allocated to inflation busting since the Ukraine began in February 2022. Another data show that Germany has spent over 300 billion (Euros) on propping up the economy over the past 2 years of the covid-19 pandemic. Now, European Union are pushing through the Multi-Billion plan packages to rescue and prevent utilities buckling under a liquidity squeeze and to protect household from soaring energy bills. At this point, we see a bullish side for Euro currency in this fundamental analysis what Germany (The largest economy in whole Europe) do and European Union to rescue the countries they to one shield energy customer and businesses from this inflation in the energy crisis. But in other hand, we see a bearish fundamental that EUROPE has accused to Russia of weaponing energy supplies in retaliation for western sanction imputed on Moscow, over its invasion of Ukraince, Russia blames those sanctions for causing the gas supply problems in whole Europe. ***European Central Bank will make a meeting about interest rate decision in this week on this Thursday and expect to raise 1.00%. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Now, talking about technical analysis, I'm bullish in based the bullish side that appear very optimistic for Euro currency. Now, we're in this bearish channel, and we formed a bullish divergence in the RSI and price action too. What we could to expect a possible long position from this side, what we can't to trade until we see a smart point to buy in $0.9920 USD or the break-out of this bearish channel, what it's better to be disciplined and patience until this trade develop, but has a bullish side. So guys, at the moment, I don't see a trade yet until hope our best buy zone. I hope that this perspective have your idea to long in Euro at favor by fundamental analysis. So, we know that Europe it's in the recession, but today it's appear good bullish side that we could to see in the Europe largest economy that it's Germany and European Union. And also on Thursday the European Central Bank will make an interest rates decision and expect to raise 1% in this week. So guys, in this week, there're a lot to read in United Kingdom that we have a new Prime Minister that I'm very interesting to analyze some Sterling Pound and know my perspective why I' see a dark future in it. I will keep update this par!!!
Long
by harisonhbn9718
$XLC a bottom bounce and an interesting observation. Happy Labor Day Weekend Chart Watchers. Its been awhile since I last posted anything but I figured this would make for some good conversation. The Communications sector has been the worst performer YTD of all the SPDR sectors. This weekly chart shows that it might be at an inflection point. First, lets discuss the chart. I am a long term investor. I like to view things in terms of weeks, months and years. This is the chart I use 99% of the time. The chart is a weekly candle chart utilizing a 10 Period EMA moving average and a 40 period SMA moving average. These are my primary trend following tools. My primary oscillators are the RSI and the Mansfield RSI. I'm sure everyone is familiar with the RSI indicator. For those of you not familiar with the Mansfield RSI it is comparison tool with a 52 period moving average overlaid. Basically it is a ratio chart turned into an indicator and made popular by the Stage Analysis Method developed by Stan Weinstein. Most investors use "ABC/SPY" as their ratio comparison chart. I use ITOT as I like to compare the stocks I am looking at against the entire market, you get the idea. XLC is roughly down 30% YTD. It is the 5th Largest Weighting in the S&P, not an insignificant sector. This chart shows the following: a sector clearly in a downtrend as it is below both moving averages. a weekly candle testing the support created by its previous closing low. As the sector made new lows from March through June, RSI clearly bottomed. The sector made a low in June and then tested its low again at the end of August (to the penny I might add). As this happened RSI swung higher and created a positive divergence. Very interesting! I think this sector is setting up for a bounce higher going into the end if the year. The Mansfield indicator is still showing a sector suffering from underperformance. If you are someone looking for relative strength to confirm absolute strength then look for the Mansfield indicator to take out the 0.63 level. Observations: if the worst performing sector of the year holds its lows while the overall market is under pressure does the S&P trade below its June lows? If the worst performing sector turns around and swings higher, what is the overall market doing in that scenario? Its probably moving higher. Obviously if this sector breaks lower then the June lows on the S&P are most likely taken out. However, the evidence as I see it today argues for lows to hold and for a swing higher into the end of the year. Happy Charting!!! Thanks for reading. Good luck to all!
AMEX:XLCLong
by Breakout_Charts
2
GBP/AUD: Review!!!In this forex par, was a pretty well trade to long position when I identify very well a bullish divergence in RSI forming a lower high and price action lower low. The RSI had indicating a change of trend in GBP/AUD what this trade was pretty well to trade in long position. I was like 100 pips in profit or 6.33% in earnings in this trade. But from this point at $1.6986 AUD I supposed to closed up this long when the price starting to down. But that was at early movement in the European Session. And so, also that I don't made it's when I was in profit, the only that I will need to fix it's put my break even to protect my earns, whether it's few earns. but I closed up this trade in this bearish pressure, but the loss was small like of -0.87% in loss. And also, I made a very good analysis and put my buy order in the smart point very good and in profit like 100 pips. So, I know that it's very natural that we can't to watching the chart 24.7, and I know that during the European Session. America it's in the early when everyone it's sleeping. Also, I suggested that a when the EMA 200 make resistance veyr clearly in H1 timeframe, it's a good moment to closed up a trade like this and get profit in it. If I closed up this trade in the below of the EMA200, I would have 100 pips in profit in this trade. So, I believe that I mastering this trade very well. The only it's put a break even when I was in profit like over 70 pips. But I made this trade pretty well and the only advice for me and for everyone when this situation occur in the EMA 200 like resistance, or the contrary support, closed up a trade like this and get profit, But I know that a bullish divergence in RSI could to have passed in this trade. This it's the H4 timeframe. That it's all my information that I bring in this trade to learn and work our analysis better.
Short
by harisonhbn9718
2
Using RSI and Stoch RSI IndicatorsHello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- The use of indicators has value in the sense that it provides objective information. However, since the indicator is lagging behind (slower change) than the price and trading volume, care must be taken when using it. To compensate for these shortcomings, support and resistance points are marked. The RSI and Stoch RSI indicators are used to indicate support and resistance points, and to indicate oversold and overbought zones. The oversold and overbought sections of the RSI indicator in the price chart are selected as the Close value of the price. The oversold section and overbought section of the RSI indicator in the Long/Short-S indicator were selected as the Close value of the Heikin Ashi candle. - Support and resistance points using RSI indicators are indicated by RSI 80 and RSI 20 indicators. - Support and resistance points using the Stoch RSI indicator are indicated as Low and High indicators. - In the Long/Short-S indicator, the Stoch RSI indicator was made to be displayed as the middle value of the K and D values. In addition, the oversold section and the overbought section were made to be displayed, and a line was displayed to determine the strength of the ups and downs. If it breaks out of the oversold zone and starts to rise, then falls without going up to the overbought zone, it means that the upside is weak. Conversely, if it breaks out of the overbought zone and starts to fall and then rises without falling into the oversold zone, it means that the bearish force is weak. - When the RSI and Stoch RSI indicators move out of the overbought zone, it is highly likely to lead to a strong decline. RSI Indicator, Stoch When the RSI indicator moves out of the oversold zone, it is highly likely to lead to a strong uptrend. I believe the support and resistance point indicators are weaker than the OBV, -100, +100, HA-Low and HA-High indicators. However, I think the RSI and Stoch RSI indicators indicate meaningful support and resistance points because they mark the part that corresponds to the end of the wave. Therefore, I think it can be used as a branch of split trading. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
LUNCBUSD: Bearish Shark with RSI Weakness at 50% RetracementLUNC is currently trading between the 88.6% and 1.13% Range of the Pattern Completion Zone and is also at a 50% Retrace from High to Low. At the sametime the MACD and RSI are Bearishly Diverging but what i'm paying the most attention to here is the RSI Trendline that seems to be forming some kind of Bearish Dragon which if it breaks will most likely be the start of a Bearish Retrace to lower levels. I will have two targets here. The first target will be for LUNC to take back Half of the Harmonic and the Second target will be a 100% Recovery of the Harmonic. If we take back 50% i will take 50% off the trade and buy more LUNC with 50% of the profits and if it tak4es back 100% i will close off the remainign half of my shorts and use 50% of that to buy more LUNC.
LShort
by RizeSenpai
22
JINDAL STEEL & POWER - Multiple Indicators 📊 Script: JINDALSTEL (JINDAL STEEL & POWER LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500, NIFTY METAL, NIFTY MIDCAP 📊 Sector: Commodities, Metals & Mining 📊 Industry: Ferrous Metals, Iron & Steel Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover . 📈 Already Crossover in Double Moving Averages. 📈 In weekly time frame MACD is giving crossover. 📈 Current RSI is around 68. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 433.35 🟢 Target 🎯🏆 - 473 ⚠️ Stoploss ☠️🚫 - 415 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂 Happy Ganesh Chaturthi, ❤️🙏🏻 we wish that all hindrances and hurdles are cleared for you. Michhami Dukkadam 🙏🏻 Michhami Dukkadam is all about Forgiveness and Kindness!
NSE:JINDALSTELLong
by radha_23
1
RUT- Russell 2000 Mid Caps GOOD DAYS AHEADThe RUT ETF crashed with the COVID market phenomenon but then recovered better and faster than the SPY in 116 % of price appreciation in less than the one year that followed. Since then RUT retraced about 1/2 of that uptrend. Presently on the weekly chart, the price is relatively stable. The RSI bottomed out in the oversold territory and is now in mid-range with RSI above its Ichimoku cloud. All of this is positive or at least not the overly negative of doom and gloom. I believe that it will soon be time to begin a dollar cost averaging into some long-term call options on RUT as things are not as bad as the media, banks and large institutional players want to portray to retail traders and investors.
TVC:RUTLong
by AwesomeAvani
2
XAGUSD Spot Silver LONG - Reversal from Double BottomOANDA:XAGUSD Spot silver put in a triple top in early March into early April on the daily chart. It then descended over the next three months in what may end up being the leading side of a cup and handle pattern into a bottom about July 13th. Spot silver then rose a bit over the next five weeks and now has retested the bottom now forming a double bottom. Relative strength was gradually decreasing over this time while underneath its Ichimoku cloud. However beginning about July 15th, the relative strength began increasing and is now above the cloud. The leading cloud edge to the right is red and rising. This is a hint of bullish divergence perhaps forecasting the reversal is in progress. That said, I see spot silver reversing to an uptrend which could also be the right side of a cup and handle pattern underway. If formed a cup and handle pattern suggests bullish continuation. I see this an an excellent swing long setup with potentially 40% upside.
OANDA:XAGUSDLong
by AwesomeAvani
Is the Pound Dollar flipping bullish?Could we be nearing a bottoming range for the GBPUSD chart? We've been downtrending for a year and 2 months however we can see that the RSI is failing to put in new lows, this could be suggesting that we are well overdue for some bullish price action or at least a relief rally. Let's keep an eye on this chart and see when our Supertrend flips green as its historically been a great indicator for detecting shifts in mid to long-term trends.
G
by BlackBull_Markets