Market chart journal: $JCT ’s daily RSI is 75.4, in overbought territory.
RSI 75.4—and my blood pressure is rising too.
Seriously, “overbought” means prices have risen too quickly and sharply in the short term. It doesn’t mean too many people are buying, nor does it mean prices will fall immediately.
Indicators can fail, so don’t skip your stop-loss: thinking ahead about what you’ll do if you’re wrong matters more than getting your prediction right.
#JCT
For reference only. Make your own decisions.
RSI 75.4—and my blood pressure is rising too.
Seriously, “overbought” means prices have risen too quickly and sharply in the short term. It doesn’t mean too many people are buying, nor does it mean prices will fall immediately.
Indicators can fail, so don’t skip your stop-loss: thinking ahead about what you’ll do if you’re wrong matters more than getting your prediction right.
#JCT
For reference only. Make your own decisions.