Notice the RSI window is far bigger than the Price one. The RSI is set on Double thickness Points. The lines of best fit are put in manually with the segment drawer.
This trade shows just the RSI levels and Price movement relative to the Bollinger Band.
The RSI of Pt1 was greater than 70 - Group A.
There was a move above then back under the Upper Bollinger - Group A. The double move is a bonus and not necessary for membership of Group A.
The S/L placement was just above the highest point within the M on Price.
The entry was governed by the RSI hitting 63.5
The risk is the difference between the two values, it was fine!
The initial target was the middle Bollinger line, with a further one of the Lower one. Compared to the risk, even the initial looked very good indeed.
So it was a high probability, low risk, potential high reward trade.
cheers theory
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