1. 4 hour RSI was oversold. 2. if we draw a line from the 2 points where the RSI were previously oversold, we can see a trend continuation. 3. Target is the next resistance point, found by drawing a horizontal line.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.