Post of the Day: RSI and Bullish Engulfing candle

Published March 6th, 2009 - 09:18 GMT
Al Bawaba
Al Bawaba

Student’s Question:

Would you agree that this is an example of how RSI supported by a Candlestick pattern can influence your entry?




Power Course Instructor’s Response:

Yes…and well done.

The bullish engulfing candle combined with the RSI moving above 30 would be a higher probability entry into a long position.