After the sell signal lights up, about 1,000 pips decline (EUR/USD daily) [RCI 3 lines + BODSOR]

“EURUSD current state from RC I 3-line + BODSOR” viewed on 20180218
(https://fx-on.com/navi/detail/?id=4507)

In the investment navigator + article on Sunday, February 18 mentioned above, we posted the figure below and noted that on the euro-dollar daily chart, on Friday, February 16, the price formed a backside selling signal for the “RCI3-line + BODSOR” at the open.backside selling signal for the “RCI3-line + BODSOR”


EURUSD Daily

Upper: BODSOR
Lower: RCI3-line (red: RCI9, light blue: RCI26, yellow: RCI52)


”Right after the signal lights up (last Friday), it formed a solid bearish candlestick.”

”We are watching whether the daily chart can move with all three RCI lines decreasing smoothly, and whether price will undergo a strong decline.”

As mentioned above, let's check what happened after that.


EURUSD Daily

Upper: BODSOR
Lower: RCI3-line (red: RCI9, light blue: RCI26, yellow: RCI52)


In the chart above, when the backslide signal (circled yellow arrow) lit up on Friday, February 16, the rate was1.25050and subsequently fell to1.15071by May 29 (Tuesday),approximately 1,000 pipsdecrease observed.


In this example,the “RCI3-line + BODSOR” backslide signalfunctions very well.


Indicator demonstrating pullback buying and pullback selling signals【BODSOR】


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https://twitter.com/RCIX3Line

Blog
http://bodsor.blog.fc2.com/

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https://fx-on.com/navi/serial/?id=359

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https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw


USD/JPY 1-hour chart example of pullback buying and backslide selling signals



※In the charts within this article, for convenience of explanation, please note that circles, lines, squares, etc. may be drawn.
Thank you for your understanding.