I write this tiny article to share the basics or my use of ths RSI indicator, coupled to supports and resistances levels, as well as trend lines (or any indicator you want to use as SUP/RES (moving averages, vwap ...))
This use implies a bit of practice in spotting divergences, but let's be honest, many of them appear on previous supports or resistances, just...
Price breakout happens! Now what?
As we all know supports and resistances are the key levels where the price stops, turns or does some floating before making the next big move.
Usually, the challenge is to find the right ones where those kind of events will happen.
You can see clearly from the graph that there are some key indications to take into consideration...