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    07-RSI Flare Levels-Positive Reversal Appears On Larsen - Tubro (March 21, 2019)

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    Suren Negi
    The document discusses the concept of RSI flare in technical analysis. An RSI flare is a price point on a chart that generates multiple reversal signals. When prices exceed flare levels, the validity of reversal signals is reached. Flare levels provide good resistance/support and make more sense to use than normal swing levels. The document notes that invalidated reversal signals may face resistance/support at the next flare level, and previous support/resistance flare levels can act as a signal of trend polarity change.

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    07-RSI Flare Levels-Positive Reversal Appears On Larsen - Tubro (March 21, 2019)

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    Suren Negi
    103 views15 pages
    The document discusses the concept of RSI flare in technical analysis. An RSI flare is a price point on a chart that generates multiple reversal signals. When prices exceed flare levels, the validity of reversal signals is reached. Flare levels provide good resistance/support and make more sense to use than normal swing levels. The document notes that invalidated reversal signals may face resistance/support at the next flare level, and previous support/resistance flare levels can act as a signal of trend polarity change.

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    07-RSI Flare Levels-Positive Reversal Appears on Larsen _ Tubro (March 21, 2019)

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    The document discusses the concept of RSI flare in technical analysis. An RSI flare is a price point on a chart that generates multiple reversal signals. When prices exceed flare levels, the validity of reversal signals is reached. Flare levels provide good resistance/support and make more sense to use than normal swing levels. The document notes that invalidated reversal signals may face resistance/support at the next flare level, and previous support/resistance flare levels can act as a signal of trend polarity change.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    103 views15 pages

    07-RSI Flare Levels-Positive Reversal Appears On Larsen - Tubro (March 21, 2019)

    Uploaded by

    Suren Negi
    The document discusses the concept of RSI flare in technical analysis. An RSI flare is a price point on a chart that generates multiple reversal signals. When prices exceed flare levels, the validity of reversal signals is reached. Flare levels provide good resistance/support and make more sense to use than normal swing levels. The document notes that invalidated reversal signals may face resistance/support at the next flare level, and previous support/resistance flare levels can act as a signal of trend polarity change.

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    of 15

    Traders Classroom

    Date: 17h March 2019


    Bharat Jhunjhunwala
    CMT, MFTA, CFTe, MSTA
    RSI FLARE
    • A price point on the chart from which multiple reversal signals
    generate.

    • Prices exceeding the flare levels the limit of validity of the reversals
    are reached.

    • Flare levels are considered good resistance/support points.

    • Using these levels instead of normal swing levels makes more sense.
    • Note: When prices invalidate a reversal signal & moves ahead they
    are likely to face resistance /support at the next flare level.
    • Previous support/resistance flare levels may act as “polarity change”.
    This is another strong signal for the trend.

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