Steep, prolonged trending that takes 3-minute RSI into overextended territory (overbought, or oversold) can persist for a prolonged time. It is very dangerous to bet against its trend ending prematurely. During this time, divergence by 1-minute RSI is usually the trend’s sponsorship refueling to extend the trend further.
Study the setup’s historical occurrences here:
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[videopress KrII4AK0]
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This setup has occurred on the following dates:
- 06-01-22
- 07-12-22
- 11-01-22
- 2-23-23
- 03-09-23
- 03-10-23