Broke out of falling wedge.So now the NAKA has broke out of falling wedge, I'll wait till it retests and take support at 60 of RSI indicator. Most of you would say the range of RSI indicator is between 70-30. But i'ld say check my 5 strategy of using RSI indicator.
Uptrend- 40-80
Strong Uptrend-60-80
Downtrend- 60-20
Strong Downtrend-40-20
sideways- 40-60.
This is just my way of using RSI indicator. For those who're doing longterm this can come in handy and works very well. Of course you need to make sure to try this on different time chart. like if you're trading on daily chart make sure to check weekly and monthly chart aswell. if weekly and monthly is bearish and daily is bullish eventually the daily will come back down. For Further more Technical analysis on RSI indicator please like and follow the page.
if you're intraday trader and you trade on 15min. chart make sure to check 4hrs and daily chart.
if you're short term trader and you trade on daily chart make sure to check weekly and monthly chart.
Thankyou.
