In the previous blog we discussed about the RSI Intraday Strategy | Best Indicator for Intraday and proceeding further today we will discuss about some key indicators that will provide you information on the RSI indicator if they are taking support or resistance or if they will breakout.
These indicators can help you to increase the chances of booking big profits. Starting with the Gap-Up and Gap-Down theory, we will further discuss the specifications that define the “Breakout & Breakdown” with “ Reversal”.
Breakout and Breakdown
|RSI giving a breakout||RSI took support or resistance|
|ADX Rising||ADX Rising|
|No crossover on MACD||Reverse crossover on MACD|
|EMA levels breakout||EMA levels act as Supp or Resist.|
|Trend lines breaking||Trend lines act as Supp or Resist.|
These were some of the key indicators that will provide you information on the RSI indicator. Keeping these indicators in mind, no one can face difficulty on recognising the Breakout or Breakdown point or the Reversal point by the RSI Indicators.
Hope you enjoyed learning the Key Indicators which can help in recognizing the Support or Resistance of RSI Indicators.
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