Here is another Example how you can identify the Waves Formation using RSI , this week seems to be More of educational because of Larger scrip have confirmed the Completing of Waves or About to Complete
This scrip is making Wave A of Impulse wave 1 ( its My understanding No arguments if you consider different) which is leading diagonal and the formation takes place both in Price action of Candlestick chart and RSI , you can also look after completing the 5 wave Move it corrected 3 wave ABC ,
Now its usually a very messy information during other time but this one is Just like a text book example , lots of time you can get confirmation when checked your momentum indicator , but get this kind of Confirmation is very rare ,
So Keep learning and Keep trading safe
This scrip is making Wave A of Impulse wave 1 ( its My understanding No arguments if you consider different) which is leading diagonal and the formation takes place both in Price action of Candlestick chart and RSI , you can also look after completing the 5 wave Move it corrected 3 wave ABC ,
Now its usually a very messy information during other time but this one is Just like a text book example , lots of time you can get confirmation when checked your momentum indicator , but get this kind of Confirmation is very rare ,
So Keep learning and Keep trading safe