“The Relative Strength Index (RSI) is such an indicator, offering the best of all worlds,” said Cardwell, president of Cardwell Financial Group, Inc., based in Woodstock, Ga. The RSI “is the cornerstone of my trading model,” he said.

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RSI Indicator: The “Cornerstone” of Andrew Cardwell’s Trading Model

The easy answer to the question is “when it’s not a pattern”. And that really is the real crux of the issue… Let me explain. Let’s take a look at one of the most simple patterns in technical analysis, the Double Top (Bottom). This is the hourly chart of Dollar-Swissie…

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When is a Pattern not a Pattern?