Candles with long upper wicks and lower-timeframe mBDSR (RCI with 2 lines) rebound sell signal

Indicator that shines in combination with RCI: BODSOR・mBDSR
Methods and Case Studies (PDF) ★GogoJungle AWARD2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836



Euro/AUD Daily


Looking at the area encircled by a white circle on the above daily chart suggests a declineCandlestick with a long upper shadowappears. It may not be unusual to consider selling on rallies in a lower timeframe.


Euro/AUD 4-hour


On the 4-hour chart above, in the daily chart,candlestick with a long upper shadowappears followed by a decline,mBDSR (Filter: RCI26 and RCI52) reversal sell signallights up and the price continues to fall firmly.

From this example,a trading method focusing on candlesticks with long upper shadowsandmBDSR signalsshow a high degree of compatibility.



Indicator that shines in combination with RCI: BODSOR・mBDSR
Methods and Case Studies (PDF) ★GogoJungle AWARD2020 Winner★

https://www.gogojungle.co.jp/tools/indicators/11836

　The PDF includes 326 files (over 1,200 pages, over 400,000 words).

Most of them document the logic of linking higher and lower timeframes using three RCI lines, and ultimately describe waiting for pullbacks or dips on the lower timeframes (i.e., the mBDSR signal) as the outcome.

Additionally,many focus on pinpointing points where multiple entry reasons converge.There are also many that emphasize overlapping entry signals.

Moreover,there are methods that explore upside and downside targets using three RCI lines.These are included.

In the PDF explanations,more than 1,200 chartsare used.