$TIA 4-hour RSI is 75.1, in overbought territory.
Guys, how should we interpret the RSI? Here’s the quick version 👇
Put simply, the RSI measures how much of the total price movement over a recent period came from upward moves: the bigger and stronger the gains, the closer the RSI gets to 100.
During a strong uptrend, the RSI can stay above 70 for a long time. In a one-way downtrend, it can likewise remain below 30 for a long time. Overbought or oversold doesn’t mean a reversal is imminent.
Indicators can be wrong, so don’t skip your stop-loss: thinking in advance about what you’ll do if you’re wrong matters more than trying to guess right.
Stay calm, and don’t get carried away.
Guys, how should we interpret the RSI? Here’s the quick version 👇
Put simply, the RSI measures how much of the total price movement over a recent period came from upward moves: the bigger and stronger the gains, the closer the RSI gets to 100.
During a strong uptrend, the RSI can stay above 70 for a long time. In a one-way downtrend, it can likewise remain below 30 for a long time. Overbought or oversold doesn’t mean a reversal is imminent.
Indicators can be wrong, so don’t skip your stop-loss: thinking in advance about what you’ll do if you’re wrong matters more than trying to guess right.
Stay calm, and don’t get carried away.