Improving Fibonacci, Fractals, CCI, RSI, 

Pitchfork Tool, Volume, Gap And Scalping Trading

1/ who has developed the RSI indicator?

2/ which year was the RSI oscillator designed?

3/ when is the RSI oscillator overbought?

a/ over fifty,

b/ above thirty,

c/ above seventy

4/ when is the RSI oscillator oversold?

a/ beneath thirty,

b/ below fifty,

c/ above seventy,

5/ what is the significance of oversold?

a/ guarantee buy -signal

b/ the financial instrument will surely
rise
c/ price is at support level, yet one will sell if the support turns

into a resistance.

6/ what is the meaning of overbought?

a/ Just sell and hope that everything works fine.
b/ the asset is overbought like the RSI indicator.
c/ the price is at a resistance level.
One must highlight it, but if a convincing breakout occurs, one will

buy instead of selling.

7/ why sometimes do stocks continue to rise, even though, the

RSI indicator is overbought?

a/ they do because the price gain support above the current

resistance level in a viable market environment.
b/ market manipulation

c/ market distortion and a bit of luck

Image = showing a white background

filled with question marks and the

word QUIZ in red colour.

8/ Why sometimes do financial securities continue to fall when

the RSI oscillator is oversold?

a/ the asset has failed to gain support
due to fundamentals or relative market sentiment
b/ pure bad luck for desperate buyers that trading without a

top-down trading approach.
c/ either market manipulation or distortion.

9/ Give an example of an oversold RSI indicator trade setup

when one ought to give preference to bearish trading signals

as a substitute for bullish ones.

a/ during the third bearish Elliott wave, one ought to give priority

to bearish trading signals instead of bullish ones.
b/ RSI indicator is oversold in a rising channel
c/ RSI indicator is oversold in a horizontal channel

10/ Give an example of an overbought RSI indicator trade setup

when one ought to give priority to bullish trading signals

instead of bearish ones.

a/ during the third bullish Elliott wave, one ought to give priority to

bullish trading signals instead of bearish ones.
b/ RSI oscillator is overbought in a declining channel.
c/ RSI indicator is overbought in a flat channel

11/ what RSI stands for technical traders?

a/ Relative Strength Index
b/ Repetitive Strain Injury
c/ Repetitive Stupid Investing

12/ one should always sell when the RSI oscillator is overbought.

a/ yes
b/ not always
c/ not sure

13/ one should always buy when the RSI oscillator is oversold.

a/ yes
b/ not always
c/ not sure

14/ what is the significance of the RSI above the fifty level?

a/ the magnitude of recent gains is greater than magnitude of

current losses
b/ Price is now crossing below the moving average fifty.
c/ Technical day or swing traders must buy as soon as possible

before it is too late.

15/ what is the meaning of the RSI below the fifty level?

a/ the magnitude of recent losses is greater than magnitude

of recent gains
b/ Price is now crossing above the moving average fifty.
c/ Technical day or swing traders must sell as soon as possible

before it is too late.

16/ Conditions for a reliable RSI oscillator
bearish trade setup at points that it crosses below the fifty level.

Please stay tuned.  Coming soon.

17/ Conditions for a reliable RSI oscillator
Bullish trade setup at times that it spans above the fifty level.

View the video

18/ what is a bullish RSI divergence?

a/ Bullish RSI divergence occurs when the RSI indicator becomes

bullish at the time when the financial instrument is still in a declining

channel.
b/ When the RSI oscillator is oversold for too long.
c/ RSI exhibits a double bottom chart pattern

19/ what is a bearish RSI divergence?

a/ Bearish RSI divergence occurs when the RSI indicator becomes

bearish at the time when the financial instrument is still in a rising

channel.
b/ When the RSI oscillator is overbought for too long.
c/ RSI exhibits a clear-cut double top chart pattern

20/ a divergence is

a/ ready-made trading signal that one should quickly take.
b/ Invitation to buy or sell without paying attention to the market

patterns.
c/ a trading set up or warning that the price must authenticate in

an appropriate market environment.

21/ RSI indicator is oversold, it symbolizes
the financial instrument is also oversold

a/ yes
b/ not always
c/ not sure

22/ RSI indicator is overbought; it point out
the financial instrument is also overbought.

a/ yes
b/ not always
c/ not sure

23/ what should one do when the RSI oscillator overbought?

a/ One will quickly draw a warning line to highlight the prevailing

(hidden or not) resistance level.
b/ do not anything
c/ ignore it and flip a coin to know if one should buy or sell.

24/ what should one do when the RSI oscillator oversold?

a/ draw a warning line to highlight the current (hidden or not)

support level.
b/ do nothing
c/ ignore it and flip a coin to know if one should buy or sell.

25/ the price is usually at the upper band
of the Bollinger bands (50, 2) when the RSI indicator is overbought.

a/ yes (most of the time but not always)

b/ never
c / not sure

26/ the price is usually at the lower band
of the Bollinger bands (50, 2) when the RSI indicator is oversold.

a/ yes (most of the time but not always)
b/ never
c / not sure

27/ the price usually crosses above the moving average 50 as

the RSI indicator is passing above the fifty level.

a/ surely (most of the time but not always)
b/ never
c / not certain

28/ the price usually crosses below the moving average 50 as

the RSI indicator is crossing below the fifty level.

a/ yes (most of the time but not always)
b/ never
c / not sure

29/ An RSI indicator's trade setup is equal to a trading signal

that one should take without applying the multiple time frames

trading method.

a/ certainly
b/ never
c / not convinced

30/ RSI indicator's trading signal is an equivalent of a low-risk

entry point.

a/ always
b/ sometimes
c/ never, after the signal, one will select a low-risk entry point time

frame.

31/ for what reason do professional day and swing traders adopt

a top-down trading method or trading drill?

a/ to avoid untimely buying or selling a financial asset, and to cut down

the overall risk.
b/ since they have nothing else to do
c/ to fascinate other market participants.

32/ it is lawful to trade the RSI oscillator instead of the price action.

a/ that is never the case
b/ that is invariably the right thing to do
c/ not sure

33/ it is suitable to neglect the three market
patterns on every time frame when one is using the Relative Strength

Index indicator

a/ of course
b/ no
c/ not sure

34/ It is profoundly recommendable to use the
RSI technical analysis without giving consideration

to the fundamentals at Google or Yahoo finance.

a/ yes
b/ no
c/ not sure

35/ what is Google finance acid test

YouTube search for the video tutorial titled:

How to use Google finance acid test

https://youtu.be/hgFyv7cFdw0

36/ one should desist combining the Relative Strength

Index indicator with the Pitchfork tool.

a/ it is invariably useful to connect both trading tools.
b/ true
c/ not sure

37/ one should avoid combining the Relative Strength Index

indicator with the Fibonacci patterns when day or swing

trading.

a/ true

b/ false
c/ not sure

38/ one should avoid linking the Relative Strength Index

indicator with the thirteen distinct Elliott wave patterns.

a/ the right thing to do
b/ By uniting the RSI indicator and the wave patterns, one will

seep out false trading signals
c/ whatever

39/ How to screen for stocks applying the Relative Strength

Index indicator

a/ one may apply trading software (TC2000 or another) or the

available Google finance stock screener

40/ How to scalp on fifteen-minute graph
using the RSI oscillator

  Please stay tuned.  Coming soon.

41/ How to day trade on the thirty-minute chart utilizing the RSI

indicator.

 Please stay tuned.  Coming soon.

42/ How to swing trade on the two-day chart using the RSI

oscillator?

 Learn more by checking out the webpage below.

 https://www.dayprotraders.com/strategiesrsi.htm

43/ How to bypass RSI indicator trading mistakes?

See the video tutorial titled:  How to avoid RSI trading mistake

at the bottom the webpage right below.

https://www.dayprotraders.com/rsioscillator.htm 

44/ what should one draw as soon as momentum oscillators such

as the RSI, stochastic and Commodity Channel Index become

oversold or overbought.

a/ a warning line
b/ a median line
c/ a dotted line

45/ One should concentrate on the oversold RSI indicator' trade

setups in a rising channel if the price exhibits a earlier higher high.

a/ yes
b/ no
c/ not sure

46/ One should focus on the overbought RSI indicator' trade setups

in a declining channel if the price shows a prior lower low.

a/ yes
b/ no
c/ not sure

47/ what is the most fitting market pattern for applying the RSI

oscillator and why?

a/ consolidation market pattern is the most appropriate because like

the RSI oscillator; the price is oscillating between two critical levels

(a resistance and support).

48/ which YouTube channel should one subscribe to if one wants

to master the RSI indicator?

a/ http://www.YouTube.com/user/georgetrio
b/ http://www.YouTube.com/user/Dayprotraders
c/ http://www.YouTube.com/user/24elliottwaves

49/ which website should one subscribe to if one wants to learn

to master the Relative Strength Index?

http://www.24elliottwaves.com
http://www.Dayprotraders.com
http://www.Stochastic-macd.com

50/ How to merge RSI indicator and the Elliott wave principle?

Stay tuned :  Coming soon.

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