Example of a pullback to breakout reversal from a bullish re-entry viewpoint for 【RCI3 Three-Line＋BODSOR】, Nikkei 225 futures, 1-hour chart
The figure below is a chart of the Nikkei 225 futures, 1-hour timeframe.
Nikkei 225 futures 1-hour timeframe
Top row:BODSOR
Bottom row: RCI 3 lines (red: RCI9, light blue: RCI26, yellow: RCI52)
(1) Buy on dips signal (pink arrows circled)
Among the three RCI lines, only the RCI9 is clearly declining.
If RCI9 reverses and rises, all three RCIs may rise together.
In other words, the price may rise strongly.
In such a situationBODSOR Buy on dips signal (pink arrow) lights up.
(2) Sell on rallies signal (yellow arrows circled)
Among the three RCI lines, only the RCI9 is clearly rising.
If RCI9 reverses and falls, all three RCIs may fall together.
In other words, the price may fall strongly.
In such a situationBODSOR Sell on rallies signal (yellow arrows) lights up.
Indicator that displays Buy on dips and Sell on rallies【BODSOR】
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http://bodsor.blog.fc2.com/
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Examples of Buy on dips / Sell on rallies signals on USD/JPY 1-hour timeframe
※ In this article's chart, for convenience in explanation, circles, lines, and rectangles may be drawn,
so please understand.
