Simple strategies can be as powerful as complex strategies. This article presents one of my favorite strategies used with the RSI.
The RSI Simple Reversal Strategy
The RSI is known as the number one technical bounded indicator. With the huge number of techniques and strategies applied on it, one particular technique always arises. The pull-back technique and more specifically the simple pull-back technique awaits the confirmation of the RSI’s exit from the oversold and overbought levels before initiating a signal.