Pattern Recognition, Price And The RSI by John Knaggs
ARTICLE SYNOPSIS ...Pattern Recognition, Price And The RSI by John Knaggs
Here's how to combine price and relative strength index patterns for trading signals.
Patterns can be found between price formations and such mathematical trading tools as the relative
strength index, the momentum oscillator developed by J. Welles Wilder Jr. Such price and indicator
patterns, together with their variations, tend to repeat, allowing traders familiar with them to gauge the
maturity of a given buy side or sell side price trend and thus recognize when the trend is peaking. This
knowledge can help a trader stay with a price t...