So I have the most rudimentary knowledge of charting.... any chartists following?
Using RSI to spot a trend reversal, could we be seeing a 'bullish swing rejection' signal? There are 4 parts required to satisfy the signal:
1) Falls into oversold
2) Crosses back above 30%
3) Dips without crossing back over oversold line
4) Breaks through most recent high
Maybe some swing traders will pick this up (if i have analysed correctly) and get some upward movement and volume going through.
happy hump day all
So I have the most rudimentary knowledge of charting.... any...
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