This 21 day chart shows the green price ranges drop happens every time the white RSI line touches the yellow rsi line. Minimum drop is around 25%.
As you can see 3 times it signalled the top was in and bear market to start. However on the RSI we can see that it has not got that shaded green area similar to every other bull run.
The yellow price range on chart signals current candle drop whilst the orange price range shows the potential minimum should this play out as described.
Each price drop is measured from candle at touch on RSI to the very next candle only.
From this we can deduct that a huge bounce from here is about to happen to restart the last leg up and form the shaded green area on rsi, or
price will drop minimum 25% which is another 11% from current price. From there price moves up to continue bull run or we enter the bear market cycle.
As you can see 3 times it signalled the top was in and bear market to start. However on the RSI we can see that it has not got that shaded green area similar to every other bull run.
The yellow price range on chart signals current candle drop whilst the orange price range shows the potential minimum should this play out as described.
Each price drop is measured from candle at touch on RSI to the very next candle only.
From this we can deduct that a huge bounce from here is about to happen to restart the last leg up and form the shaded green area on rsi, or
price will drop minimum 25% which is another 11% from current price. From there price moves up to continue bull run or we enter the bear market cycle.
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Related publications
Disclaimer
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.