is an indicator that signals pullback/reversal trades using the RSI
. A RSI
trigger candle shows when the RSI
is above the 80 level. We then use the open of that candle as our entry point (Short in this trade). When price breaks that entry point line I wait for a close of that candle then enter. My TP's are from previous S/R lines first TP @ 314.68, second TP @ 310.00. My first TP I will take off 1/2 of my position and let the balance run to the 2nd TP.