ZCXUSDT 4H TF Symmetrical Triangle Breakout, printing a overbought label on Price Action shown as light pink and HH.
RSI I have added a FAKEOUT top label shown as red, then we had a pullback followed by another pump and custom Overbought label shown as Orange.
RSI I have demonstrated Oversold with purple label.
Chart I have added a FAKEOUT Dark Green label next to the HL candle.
I am trying to demonstrate how to spot Fakeouts, Overbought and Oversold.
Some valuable teaching points shown on the chart.
RSI I have added a FAKEOUT top label shown as red, then we had a pullback followed by another pump and custom Overbought label shown as Orange.
RSI I have demonstrated Oversold with purple label.
Chart I have added a FAKEOUT Dark Green label next to the HL candle.
I am trying to demonstrate how to spot Fakeouts, Overbought and Oversold.
Some valuable teaching points shown on the chart.