teal line, from the break of March highs, has acted as resistance in the middle of April. RSI recently (in the end of April) successfully broke through the line and had a nice run to the upside.
now, in the middle of May it is coming back to test the same line, will it act as a support or will it fall right throught it?
teal line also represents the last place RSI made a significant move, so whichever the direction will be, i think we will see a big move!
now, in the middle of May it is coming back to test the same line, will it act as a support or will it fall right throught it?
teal line also represents the last place RSI made a significant move, so whichever the direction will be, i think we will see a big move!
