DAILY RSI GOES BELOW 20 = TREND REVERSAL.
Price Reached All Time Low in November 2022. However it wasnt until August 2023, that the Daily RSI broke below 20, marking the bottom even though price not at the bottom.
This has previuosly happened in August 2015, November 2018, March 2020, and now August 2023.
Notice 3 years between each one.
THINGS TO DO:
1) Watch for Higher Highs onthe RSI
2) Wait for position to enter
3) Have Patience
Price Reached All Time Low in November 2022. However it wasnt until August 2023, that the Daily RSI broke below 20, marking the bottom even though price not at the bottom.
This has previuosly happened in August 2015, November 2018, March 2020, and now August 2023.
Notice 3 years between each one.
THINGS TO DO:
1) Watch for Higher Highs onthe RSI
2) Wait for position to enter
3) Have Patience