Price & Indicator must both break out
CELG is about to break resistance. In order to have higher probability of a win trade, the resistance also has to be broken.
However, as the price is moving higher, RSI is in general moving lower.., i am skew towards shorting once there is a break out
Note: not forgetting CELG is in major uptrend
However, as the price is moving higher, RSI is in general moving lower.., i am skew towards shorting once there is a break out
Note: not forgetting CELG is in major uptrend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.