/biz/ - Business & Finance

>>49915360
It does to some people and to others it doesn't. To me, it depends. If it enters an embedded status, which is three days in which the RSI is over sold on both the yellow and red lines, then a drastic drop is imminent and will keep going until the red line emerges from embedded reading.

If it goes to oversold and begins to bounce away from over sold on the rsi it's a good chance it's a bottom.

I was taught to trade by Ira Epstein and that's what he teaches.

Here's a good example of an over sold embedded reading in action on the gold chart.