How to Count Weekly Waves Using RSI5

Wait 5 sec.

How to Count Weekly Waves Using RSI5CHINA UNICOM (HONG KONG) LIMITEDHKEX_DLY:762vumaikhanh1991A valid corrective wave occurs when: - ABCDE - ABC (A > C) Using RSI 5 to count and filter noise: A wave is considered corrective when a reversal candle appears, and the next candle moves in the opposite direction or shows little movement. If the following candle continues in the previous direction and breaks the prior high/low immediately, it is still considered a continuation of the previous wave.