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Relative Strength Index (RSI)

Bear Flag w/Confirmed Bearish Break - EGHere I have EUR/GBP on the Daily Chart! Price gave a Bearish Break to the Ascending Channel which confirms we are seeing a Bearish Flag. -The Volume behind the Candle that Broke the Ascending Channel signifies that it was a Strong and Valid Break Being a Continuation Pattern, I suspect we will see Price Retest the Break of the Ascending Channel and continue Downward! -Looking for a retest in the ( .8430 - .8435 ) Indicators: - Price trading Below 200 EMA - RSI Below 50 - BBTrend Printing Strong Red Bars - Volume showing Bears accumulating
Short
by Novi_Fibonacci
Bulls have the Bears by the "Neck" - AUHere I have AUD/USD on the 4Hr Chart! Price is now using the "Neckline" or Support of the failed Head & Shoulders the Bears were unable to finish, and pushing Higher breaking through the Falling Resistance created by the Highs of the "Head" and "Right Shoulder". Now I believe with an on-going Rate Cut cycle about to begin for the Federal Reserve, we will start to see the Bulls undo the previous Head & Shoulders Pattern one Swing High at a time! If Price will need to find some Support before it begins to continue further Higher, this Support can be found at either: - The High just before the Break @ .6732 or - Retesting the Break of Falling Resistance + FVG @ ( .6720 - .6715 ) Indicators: - RSI Above 50 - BBTrend printing Green Bars - Volume Delta showing Bullish presence increasing *TP1 - .67672 *TP2 - .68236
Long
by Novi_Fibonacci
2
Falling Wedge Sees Bullish Order Block! - EUHere I have EUR/USD on the 4Hr Chart! EU Bears have been pulling price down forming what seems to be a Falling Wedge since the end of August but could the Double Bottom made by the Sell-Side Liquidity and New Swing Low be a sign that Price is loading up to make its Bullish Break?! Now we see Price after being rejected from the Falling Resistance, descending to the Break of Structure @ 1.10548 and the Order Block responsible for sweeping Sell-Side Liquidity @ 1.10437 being the Entry Range for when Price comes down and Successfully tests the Order Block! *This rejection also creates a Higher High or disruption in the Downtrend suggesting power transfer from Bears to Bulls. Now another big tell is the Bullish Divergence between the RSI and Lows of Price testing the Falling Support! Also the presence of Bears in the BBTrend seems to be dwindling with each Low created where you see the collection of Red Bars shrinking! Fundamentally, USD has Retail Sales on Tuesday (Sept. 17th) and Federal Funds Rate / FOMC Meeting on Wednesday (Sept. 18th) with expectations for Rates to start being cut!
Long
by Novi_Fibonacci
MUST SEE: The Perfect Setup - How to Make 50 %!Hey Future Demons I'm back again, and we don't have time to waste, so let's jump right into the TA. I want to spoil you today with the perfect setup. Everything aligns. It is beautiful. Its almost too good to be true. Let me make it very clear though, than nothing is certain when it comes to trading. I will put a 70 % credence on this setup though (Bayesian Reasoning). This is Neutron (NTRN). 1. We are in a huge descending wedge, which a bullish pattern (Perfect ABCDE) 2. The volume is dropping, which is what usually happens before we see a spike. It is also a sign, that traders slowly have been accumulating the coin. 3. Look at the RSI. We have clear bullish divergence. 4. The same goes for the MACD. Bullish divergence and a MACD-cross, which means that the Bulls finally are ready to take over. Kind Regards Laplace's Demon PS. Remember to LIKE and FOLLOW. I will continue to provide you with quality content, and my mission is to teach you how to outsmart the Elite, the big whales and Wall Street. Market Psychology is my biggest strength.
Long
by Lapl4cesDem0n
Harmonic Crab Variation + Bullish RSI Divergence - GUHere I have GBP/USD on the 30 Min Chart! Price has found Support from the July Highs! Upon reaching the Low @ 1.30493 I notice a couple things: -Price is moving Lower, RSI is moving Higher = Bullish RSI Divergence -Price has created what looks to be a variation of the Harmonic Crab Pattern (not exact values) Harmonic Crab XACBD Values: X-B ( .382 - .618 ) A-C ( .382 - .886 ) B-D ( 2.618 - 3.618 ) X-D 1.618 We continue to see price move higher and I believe we will see Higher Highs up to the 1.3130 - 1.3140 Area! Fundamentals: GBP has been positive in the analyst eyes this week with the Claimont Count Change with impressive numbers and Unemployment down from 4.2% to 4.1%! -GBP will have GDP releasing Wednesday Sept. 11th with forecasts to be Positive! USD not only has Rate Cuts starting next week but this week is heavily loaded with CPI & Core CPI Wednesday along with PPI, Core PPI & Unemployement Claims Thursday Sept. 12th!
Long
by Novi_Fibonacci
2
Bullish Outlook for GBP/CAD with Key Level at 1.78160The GBP/CAD pair is expected to move bullishly, targeting the 1.78160 level. On the 1-hour chart, the price has successfully broken out of a descending channel, creating a higher high before retracing. This movement is significant, especially with the RSI indicator reaching overbought levels, suggesting strong upward momentum. I anticipate that a more favorable entry point would be when the RSI dips below the 50 level, indicating a potential pullback within the ongoing bullish trend. This setup strongly supports the view that the pair will continue its upward movement towards the 1.78160 target. We'll see how the market develops from here.
by ClearTradingMind
GBPNZD Bearish DivergenceThe market has responded to a bearish divergence on the 1H chart, leading GBPNZD to pull back from a key resistance zone. After reaching the strong resistance level of 2.12700, the market formed a daily long-tailed bar, signaling a rejection of that level. Given the overall bearish trend and the appearance of a large bearish candle, the market is likely to continue pulling back toward support levels. It may drop further from the resistance zone and potentially break out of the upward channel as it aims to test those support areas. The target is the support level around 2.10500
Short
by RTED_Investing
B/C Correction Down To July Highs??? - GUHere I have GBP/USD on the 4Hr Chart! Friday gave us a STRONG break through this Area that acted as Support getting Price to its High @ 1.32664 but soon after we see price melt! I suspect we are looking at a Correction Wave where Price gave us a Lower Low (Point A) @ 1.31672 which Broke Structure, followed by a Lower High (Point B) @ 1.32271 Confirming Downtrend. Based on the Fib Extension Tool, we are given a Range Target of 1.30666 - 1.30287 around the High's of July! Now with Friday's new Lower Low @ 1.31095, I would like to see Price make a Retracement to the once Support-Turned-Resistance Zone for some potential Selling opportunities! If we take the Fib Retracement Tool from Friday's Low @ 1.31095 to Friday's High @ 1.31998, We see the Fib Entry Zone lands precisely in the Middle of our Resistance Zone! *Fib Entry Zone - *Golden Zone - Indicators: -DSR curving down & Price Trading Below -RSI Below 50 -BBTrend showing Bulls losing strength
Short
by Novi_Fibonacci
If NVDA falls, How far will it Retrace?? - NVDAHere I have NVDA on the 4 Hr Chart! Price on NVDA is showing exhaustion in the $126.83 - $133.75 Range, just shy of the Previous Highs in June & July. This Range is based off the Beginning of what seems to be an Elliot Correction Wave from the Lower Low @ $90.69 followed by our High (Point A) @ $108.8 then our Higher Low (Violation of Structure - Point B) @ $97.53. Confirmation of Wave comes once Price Broke Point A to Push Higher to Point C where it stalls now! Now, using the Fibonacci Retracement Tool, we can see that if $130 stands to be our new Higher High, price should be looking to make a Higher Low by Retracing to the Fib Entry Zone between $119.19 - $113.77! -Once Price confirms the Correction Wave, we see the RSI cross Above 50 -Price is now trading Above 200 EMA *AREA OF CAUTION* -Price created quite a Price Gap between $110 - $112 so we could possibly see price make a another 38.2% retracement to Fill The Gap before moving Higher!! Earnings & Revenue Due Wednesday Aug. 28th.
NASDAQ:NVDALong
by Novi_Fibonacci
4
Swing Trade - GODREJIND📊 Script: GODREJIND 📊 Sector: Chemicals 📊 Industry: Chemicals Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 941 🟢 Target 🎯🏆 - 1000 ⚠️ Stoploss ☠️🚫 - 908 ⚠️ 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!🥂
NSE:GODREJINDLong
by radha_23
3
Bearish Wedge + 61.8% Retracement - AJHere I have AUD/JPY on the 4Hr Chart! Since Prices decline, we see Price after making its New Lower Low @ 90.116 and has made a steady Fibonacci Retracement to the Golden Ratio Zone being our Fib Entry Zone! All along the way, creating Higher Highs and Lows forming a Bearish Wedge! Price is unable to Close above 97.472 being the 61.8% level, so I suspect we will see price continue DOWN! *Potential Sell Entries will come once price Breaks and Closes below the Rising Support of the Bearish Wedge!
Short
by Novi_Fibonacci
B/C Correction for E/G Before Descent To .8400?!Here I have EUR/GBP on the 4Hr Chart! Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area. This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405! Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133! *Golden Zone @ .85032 - .85087 After which I will be looking to take Sell Opportunities to finish the Wave! Indicators: -Price Trading Below DSR -Price Trading Below 200 EMA -DSR + EMA leading to "Death Cross" -RSI Below 50 -BBTrend Printing Red Bars
Short
by Novi_Fibonacci
PayPal (PYPL): Time to Secure Profits After Hitting New HighsWe’ve noticed that PayPal isn’t getting much attention lately, but since our entry, the stock has surged to a new high, the highest since April 2024. However, amidst the potential hype surrounding PayPal, we must remain focused and closely monitor the chart. The gap from August 2023 has now fully closed, and the RSI is beginning to look concerning. In response, we’ve decided to take some profits off the table and raise our stop-loss to just below the triple EQL at around $56.88. With this new stop-loss and the profits we've secured, we’re protected from potential downturns but still positioned to look for another entry in PayPal. Stay tuned for updates on the next possible setup. ✅
NASDAQ:PYPL
by freeguy_by_wmc
Here’s a warning for latecomers to the EUR/USD rallyEUR/USD has surged to highs not seen since July 2023. However, such has been the rush to buy since the start of August, it’s now sitting at extremely overbought levels on RSI (14) on the daily. That should be a worry for late-to-the-party longs considering that outside the early stages of the pandemic, whenever EUR/USD has been this overbought, it’s coincided with some form of near-term top. Some have been small reversals, other considerably larger. While that doesn’t guarantee another reversal on this occasion, it is a warning to those chasing the pair higher ahead in anticipation of Fed rate cuts. They were priced in long ago with the magnitude of expected easing not really changing over the past fortnight even as the dollar sank. The move comes across as technically driven, potentially making the signal from RSI more significant. If we were to see a EUR/USD reversal, 1.1140, 1.10452 and 1.0948 are downside levels to note. Should the signal from RSI prove to be false, a continuation of the rally would likely target a push towards 1.12760, the high set in July last year. Watch for a topping pattern to strengthen the conviction of the trade. That’s not arrived yet on the daily timeframe. DS
Short
by FOREXcom
Swing Trade - HINDPETRO📊 Script: HINDPETRO 📊 Sector: Refineries 📊 Industry: Refineries Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 68. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 407 🟢 Target 🎯🏆 - 432 ⚠️ Stoploss ☠️🚫 - 393 ⚠️ 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!🥂
NSE:HINDPETROLong
by radha_23
How to use Implied Volatility Index to analyze Bitcoin▮ Introduction Bitcoin is known for its price volatility. Analyzing the price chart alone is often not enough to make buy and sell decisions. Implied volatility indexes such as DERIBIT:DVOL and VOLMEX:BVIV can complement traditional technical analysis by providing insights into market sentiment and expectations. ▮ Understanding DVOL/BVIV DVOL and BVIV measure the expected implied volatility of Bitcoin over the next 30 days, derived from real-time call and put options. DVOL is calculated by Deribit, the world's largest Bitcoin and Ether options exchange. BVIV is calculated by Volmex Finance; the data is extracted from exchanges (currently Deribit and OKX), and then combined into a single set. * In addition to Bitcoin, it is possible to analyze Ethereum-specific instruments through the ticks DERIBIT:ETHDVOL and VOLMEX:EVIV, whose line of reasoning is the same. ▮ Interpreting the chart 🔶 High DVOL/BVIV values ​​indicate that the market expects greater volatility in the next 30 days. This is usually associated with uncertainty, fear, or expected major events. 🔶 The index does not indicate the direction of the price, but rather whether volatility will increase or decrease. 🔶 Low values ​​indicate an expectation of lower volatility and are usually associated with calmer and more optimistic markets. 🔶 To get an idea of ​​the expected daily movement of Bitcoin, simply divide the DVOL value by 20. For example, a DVOL of 100 indicates an expected daily movement of 5%. 🔶 Divergences between the price of Bitcoin and DVOL/BVIV can signal inflection points. 🔶 Price rising with a drop in DVOL/BVIV may indicate exhaustion and a potential top. 🔶 Price falling with a drop in DVOL/BVIV may indicate exhaustion and a potential bottom. ▮ Example The price of BTC here is at the top in white. The DVOL and the RSI of DVOL are both in red. The reason I put the RSI here is that it is easier to analyze DVOL, since the values ​​are in a fixed range, therefore easier to interpret. On March 25, 2022, the RSI shows a contracted value of 30, that is, low implied volatility. This foreshadows a period of calm that precedes a period of agitation. In this case, the “agitation” soon materializes in a period of price decline. When the RSI then reaches the upper limit range, at 83 (on May 12, 2022), a peak in volatility is characterized. Then, after that, it begins to decrease. This decrease in volatility in DVOL corroborates the moment of Bitcoin’s lateralization within the orange box. ▮ Conclusion Although DVOL and BVIV should not be used in isolation, they can be valuable tools for confirming price chart signals and anticipating major movements. Incorporating implied volatility analysis into your strategy, can improve the timing of entries/exits and help manage risk. ⚠️ But remember: Just because a strategy worked in the past does not mean it will work forever. Past profitability is no guarantee of future profitability. Do your own analysis and risk management.
INDEX:BTCUSDEducation
by andre_007
11
Could EUR/GBP see .8500 and Below?! Here I have EUR/GBP on the 1Hr Chart! We can see that following the 3rd Divergent High @ .86248, price makes a steep Decline breaking the Previous Higher Low @ .85757 and creating a LOWER LOW @ .85496 turning this once Uptrend into a Downtrend! After the New Low is created, we see price makes a textbook Retracement back to the 61.8% Fibonacci Level @ .85783 which happens to test the previous Higher Low to then proceed back down to close for the week just above the New Low! I believe we could be witnessing the Confirmation of an Elliot Correction Wave coming where based on the ABC method: -Prices' LH correction marking our B Point indicates that based off our Fib Ext Tool, we could see price Decline to the Range Target of ( .8457 - .84282 ) -Price Breaking the A Point will be Confirmation of potential Selling Opportunities *.8500 will be the next area we will see Price wrestle with once it breaks the Lower Low @ .85496 Indicators: -Bearish Reading- - Price is working BELOW my DEMA - Flattening of the 200 EMA - RSI BELOW 50 after creation of LL -BBTrend printing Red Bars
Short
by Novi_Fibonacci
1
How to Read the RSI Indicator: The Market's Lie DetectorAttention TradingViewers, market gurus, and Instagram influencers, this one indicator goes hard whenever it’s onto something. Let's talk about the RSI — the Relative Strength Index . This bad boy is like the lie detector test of the market, calling out overhyped moves and under-the-radar opportunities. What’s RSI All About? The RSI is a momentum-based oscillator that captures the speed and change of price movements. It operates on a scale of 0 to 100, and if you know how to read it, it’s like having X-ray vision into the market’s moods. The best part? It’s super easy to use — slap it on any chart, any time frame and let it do its thing. The Numbers Above 70 : Overbought alert! If the RSI shows a reading above 70, the trading instrument may have been partying a little too hard. Anywhere above 70 means that it’s flashing “overbought” – like a sugar rush that’s about to crash. Traders who follow the RSI usually interpret this as a signal to sell and move out of the asset before the line reverses course and dives back under the high-water mark. Sometimes, however, the price keeps climbing well above 70. Below 30 : Now we’re in “oversold” territory – it’s like spotting a hidden gem in a bargain bin. When RSI drops below 30, the market’s saying, “This thing’s been beaten down, but maybe – just maybe – it’s time for a comeback.” Keep in mind that sometimes the dip may keep dipping. How It’s Calculated RSI is all about relative strength — it compares the magnitude of recent gains to recent losses. Picture a tug-of-war between bulls and bears. The RSI score tells you who’s winning the battle right now, but also hints at who might be running out of strength. Trading with RSI Overbought? Maybe Sell (obligatory DYOR) . When RSI hits 70 and above, you might be looking at a market running out of fuel. You may start thinking about trimming your position, or at least keep an eye out for a reversal. After all, what goes up must come down (except maybe Bitcoin BTC/USD ?) Oversold? Maybe Buy (obligatory DYOR) . If the RSI drops to 30 and below, it could be a signal to start looking for a buying opportunity. The market is going through a meltdown and sometimes that’s your cue to go bargain hunting and snap up some discounted assets. Just make sure that your stock or crypto of choice isn’t falling for a specific reason — no indicator can save you from an actual rug pull. The Sweet Spot — Divergences: Ever notice when the RSI and price action don’t agree? That’s called a divergence, and it’s like catching the market in a lie. If the price is making new highs but the RSI isn’t, or vice versa, it’s a clue that something fishy’s going on and you may want to be on the lookout for a sur- price reversal. Bonus Tip: RSI in Different Timeframes Wanna get fancy and earn some bragging rights? Use RSI across different timeframes. A stock might be oversold on the daily but overbought on the weekly. By spotting the trend across different time frames, you can pick your desired time frame to trade in and follow closely. The higher the time frame, the longer the time horizon for the move to actually pan out. So, there you have it – the RSI. It’s not a crystal ball, but it’s pretty close. Use it wisely, and you might just outsmart the market — or at least stay ahead of the next big move. Keep those charts hot, continue learning about technical analysis and go smash those trading goals of yours. 🔥
Education
by TradingView
17