🔴 RSI 69.1 and Price Breakout Implications (Stocks, Cryptocurrencies, Forex, Commodities) – 778
Nifty ended the month of July 2018 at 11,366.00 after breaking out above the previous all time monthly closing high of 11,027.70. The NIFTY monthly RSI closed at 70.15 at the conclusion of July 2018.
Nifty Month To Month Implications.
Bulls would like the stock to hold the breakout level, and also hold above RSI 69.1 on the monthly.
A Muathe.com Original Concept!
Using Mostly Original Muathe.com Concepts!
This is a follow up from the the previous video below:
✅ Uniformity and Negative Divergence – 732
✅ “Single RSI Long-Term Lines”
✅ Stock Charts RSI 30 Level & RSI 70 Level Explained
✅ Check out this video on phi or golden mean or 1.618 https://www.youtube.com/watch?v=fvdmISdytXg
✅ “Daily 2-Minute Chart Study 350: The 27 Year Old – Sentiment – Memory Line”
✅ “Uniformity”
“RSI Divergence 2.0 & Uniformity”
✅ “RSI 50 Level Uniform Support or Rejection ”
RSI 50 crossing, sell signals, uniformity, single line, 30.9, 69.1, worst type of negative divergence.
#NIFTY
#BANKNIFTY
#TechnicalAnalysis
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