【RCI3 Three-Line + BODSOR】Example of a returning sell signal EUR/USD 15-minute chart
The figure below is the Euro-Dollar 15-minute chart.
Euro-Dollar 15-minute chart
Upper panel:BODSOR
Lower panel: Three RCI lines (red: RCI9, light blue: RCI26, yellow: RCI52)
Reversal sell signal (yellow arrows circled)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 turns downward, there is a possibility that all three RCIs will trend downward.
In other words, the price may also fall strongly.
In such a situationBODSORreversal sell signal (yellow arrows) lights up.
Indicator that displays pullback buying and reversal selling signals【BODSOR】
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Examples of pullback buying and reversal selling signals on the 1-hour chart of USD/JPY
Note: For convenience of explanation, some charts in this article may include added circles, lines, or rectangles for illustration purposes, so please understand.
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