Labels:text | screenshot | font OCR: before the underlaying price chart. 2. Chart formations: The RSI often forms chart patterns [such as head & shoulders or rising wedges] which may or may not be visible on the price chart. 3.Failure swings [also known as support or resistance penetration or breakouts]: This is where the RSI surpasses a prev- ious_high [peak] or falls below low [trough] . a recent 4. Support & Resistance: The RSI sometimes more clearly than the price shows chart, levels of support and resistance. 5. Divergence: This occurs when the price is making a new high or new low which is not confirmed by a new high or low.
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