The Hidden Shovel Pattern: A Candlestick Signal Built Inside RSI
Cool Market Patterns Explained
Most traders use RSI in a simple way.
If RSI is oversold, they look for a buy.
If RSI is overbought, they look for a sell.
The Hidden Shovel Pattern takes a different approach.
Instead of looking only at the closing RSI value, it builds a kind of hidden candlestick inside the RSI. It does this by calculating RSI on the candle’s open, high, low, and close.
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