There is a lot of bearish gaps to fill. Despite all last few green days. None of the bearish gaps was tested. The RSI still very week and under 50. In order for me to consider this a long position. I need the following
A- 3 days of RSI above 50 with a bounce
B- The first gap to be filled with sidewalk trading 13650-14250 over 7 days.
C- Never trade an upper lows with fixed highs. 13700 should show me support for at least 2 weeks in order to consider this trend bullish.
D- RSI 48.8 is a magic number for TSX index. No bounce yet but resistance
My position is short, and I will short again at first red gap.
A- 3 days of RSI above 50 with a bounce
B- The first gap to be filled with sidewalk trading 13650-14250 over 7 days.
C- Never trade an upper lows with fixed highs. 13700 should show me support for at least 2 weeks in order to consider this trend bullish.
D- RSI 48.8 is a magic number for TSX index. No bounce yet but resistance
My position is short, and I will short again at first red gap.