Daily 2-Minute Chart Study #217 – Important RSI Levels

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We revisit the idea of observing where a trading instrument is trading in relation to key RSI levels of 69.1, 61.8, 50.00, 38.2 and 30.9.

Other than the RSI – Relative Strength Index – 50 level all the rest of the above numbers are variations of 1.618 (the Golden Mean, God’s number, Fibonacci Constant etc).

The following video playlist shows where this numbers come from: https://www.youtube.com/playlist?list=PLjHhEQ5LDpkaILP62YdqCXyHmndnhU4u1

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