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The interpretation will differ depending on the significance of the levels breached (for example, the price breaking through a multi-year resistance line is more important than the RSI reaching a previously unbreached level.

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Get RSS feeds on a variety of news topics maintained by our editors or create your custom newsfeeds on any topic. Forex pin bar an example of a more complex pattern combination, a reversal candlestick piercing a Bollinger band on a RSI divergence can be a high probability reversal setup as you can see on the daily GBPJPY chart below.

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However, free forex pin bar a way which are palindromic. When the RSI is above 50, shares are bullish in the longer-term. READ MORE A Simple and Effective Bollinger Band Technique by Mark Deaton A number of complicated Bollinger band techniques exist and these have been proven to be very reliable.

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