RSI Energies Technical Indicator Patterns and Energies Trend Lines

Traders can draw energies trend lines on the RSI in the same way as you can draw energies trend lines on the energies price charts. RSI energies trend lines are drawn the same way energies trend lines are drawn on the energies chart; by joining consecutive highs of the RSI indicator or consecutive lows on the RSI energies Energies Indicator.

RSI Energies Trend Lines & Energies Trend lines on Energies Trading Charts

RSI Energies Trading Chart Patterns in Energies Trading

RSI Chart patterns such as head and shoulders energies chart patterns or triangle trading patterns that are not evident on the energies price chart are often formed on this RSI indicator.

RSI indicator also often forms energies chart patterns such as head and shoulders or triangles energies chart patterns that may or may not be visible on the energies price chart. As shown on the energies chart below the Reverse Head and Shoulders reversal formation is clearly shown on this energies RSI indicator.

Energies Trading Chart Patterns on RSI Energies Trading Chart Technical Indicator

Support and Resistance Levels Trading using RSI Indicator

Sometimes energies chart levels of support and resistance levels are demonstrated better on the RSI indicator than on the energies price chart.

In an upward energies market trend the support levels should not be broken at any one time, if they are broken then energies price will also break the support levels & the upward trend is going to reverse.

In a downward energies trend the resistance levels should not be broken, if they are broken then energies price will also break the resistance levels, and the downward energies trend is going to reverse.

Support and Resistance Levels on RSI Technical Indicator

In the energies example above when the third resistance level was broken the downward energies trend reversed to an upward energies trend and when the sixth support was broken the upward energies market energies trend reversed and broke the upward trend line.