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# RSI(2) pullback
- URL: https://www.propfirmduel.com/strategies/rsi-2-pullback/
- Published: 2026-10-07T22:28:00.000Z
- Updated: 2026-10-08T02:59:49.000Z
- Description: Popularized by Larry Connors: in a long-term uptrend, buy when a very short RSI shows the market is deeply oversold, then sell on the bounce.
- Author: Prop Firm Duel
- Tags: Mean reversion strategies, #strategy, #school-mean-reversion, #level-intermediate, #Import 2026-10-07 22:49

TargetStopStretched to the outer bandBack inside: fade

Example drawing, not live market data.

1Where's the level?

Price above its 200 moving average (the 200-day in the classic daily version; the 200 EMA on the live chart).

2What's the trigger?

RSI(2) closes below 10.

3Where is it wrong?

The classic daily version exits on time (after 5 days) or uses a fixed percentage. The live chart uses 1.5 ATR from entry.

4Where does it end?

A close back above the 5 moving average (the 5 EMA on the live chart), capped at 2R.

Markets

Stocks, Index futures

Timeframes

1d

Sessions

Daily close

Also called

Connors RSI 2

## What it means

Popularized by Larry Connors: in a long-term uptrend, buy when a very short RSI shows the market is deeply oversold, then sell on the bounce.

## How it is confirmed without repainting

Daily values are taken only from closed daily candles.

## When it fails

Bear markets, where oversold gets more oversold.