THE HOLY GRAIL RSI
Here the rsi made a head n shoulder that corresponds to the top on price
The first pullback gave us a high tail on price which change the rsi channel direction
As the high on price that started the downtrend A is the right rsi shoulder
As the rsi made 1 and started the up channel . Let’s use 2 as the next rsi high spectatorial saying. From point A on price to 2 the market moved close to 1000 pips in retrospect to the rsi A and 2 is within the rsi range of A this means the rsi is moving way faster than price confirmation of a strong bear trend in this case..
so we can anticipate any price movements that breaks a trendline here will be sold down within the price range of 1 which will be the 2 as the second pullback and we can open trade on that fulfillment ..
No excuses
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