$TRUMP 4 hours: RSI 19, entering oversold territory.
A beginner’s question: What is RSI?
RSI is calculated using only closing prices. It doesn’t take volume into account or reflect the wicks that form during a candlestick.
RSI is calculated from past prices and describes the strength of a move that has already happened; it can’t tell you what will happen next.
All indicators describe market movements that have already occurred, and prices can move in the opposite direction at any time.
Just a note to keep in mind—make your own call on what to do.
A beginner’s question: What is RSI?
RSI is calculated using only closing prices. It doesn’t take volume into account or reflect the wicks that form during a candlestick.
RSI is calculated from past prices and describes the strength of a move that has already happened; it can’t tell you what will happen next.
All indicators describe market movements that have already occurred, and prices can move in the opposite direction at any time.
Just a note to keep in mind—make your own call on what to do.
