readysalted89
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July 08, 2015, 11:25:09 PM

RSI double top spotted @finex 1day

We're probably going to see a correction to the $259 support level.

I'm not a proper trader and only have a basic understanding of a double top. I spotted one today and the price tanked, but I have spotted them before and the price went up. How often do they precede a drop in price? It's obviously not 100% of the time, so what kind of percentage accuracy do they have?

I assume they have better accuracy when compared to the Relative Strength Index?