A Different Way To Use the RSI To Trade Deceleration Patterns

A deceleration pattern is a pattern that forms at the end of a directional move as it starts to lose steam. 2 good ones to learn are the rising/falling wedge & channel.

The problem wit these patterns however, is that it can sometimes be difficult to tell when that final reversal may come backing it hard to place stops.

Lately, and by that I mean for the past year or so, I've been tracking a very specific pattern on the RSI (Relative Strength Index) indicator to help me with these situations.

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Akil