RSI drops below 30 (oversold), bounces back above 30, pulls back but stays above 30, and then breaks its previous bounce high.
Once you have downloaded your , you need to apply the concepts to your specific market. Here is a cheat sheet based on common trading styles: rsi pdf book
Price makes a lower low , but the RSI makes a higher low . This indicates that despite selling pressure, the downward momentum is fading. RSI drops below 30 (oversold), bounces back above