RSI Divergence

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For a trading strategy in M1 (or higher) i look for an exactly entry point, with a high hit rate after a RSI Divergence.


in lower Timeframe (M1-M5) is it necessary, that there are three opposite confirmations to open a trade. In highr timeframe, 2 are enough.

With this option I could significantly increase the hit rate of my Elliot FIBO strategy.

Image 1435

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frank


This is a good example for RSI H1 Trading. In H1 we need 2 confirmations for trading.