RSI has given a b/o -- a leading indication of RSI -- Look for price to b/o in near future.
With Nifty showing weekly mean reversion, price b/o may not be likely this week or next week - but nothing is certain in the market.
My expectation -- a rectangular range might form in the hourly tf, look for its b/o.
With Nifty showing weekly mean reversion, price b/o may not be likely this week or next week - but nothing is certain in the market.
My expectation -- a rectangular range might form in the hourly tf, look for its b/o.