𝐓𝐡𝐞 𝐋𝐢𝐯𝐞 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐂𝐨𝐮𝐫𝐬𝐞📈

Today was all about RSI

Key Takeaways👇

You can use market structure on your RSI just as you have learnt on your chart. When RSI is matching price, this is what's called Convergence.

When it is not matching, this is where we can identify Divergence.

It is important when using RSi that you apply it to candle close, and not the wicks. The RSI is calculated on candle close and does not take into account wicks.

A common mistake traders make is not identifying when a divergence has played out, or been negated.

When RSI moves from Divergence to Convergence, this acts as confirmation that the divergence has played out.

Divergence can take a long time to play out which is why we use it as a BLINKER only, and wait for price to give us our TRIGGER.

Be careful not to let indicators become the focus. These are only to help gain more insight into market moves.

I really enjoyed this lesson and for anyone who was on that call would of learned so many golden nuggets from Nick!

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