No beating around the bush: the $EVAA 4-hour RSI has reached 81.1 (overbought).
In the past, whenever I saw an overbought reading, I couldn't resist trying to call the top. It took a few painful lessons for me to realize that in a strong market, overbought can stay overbought. Now I treat the RSI as a reminder, not a switch.
Does this make sense to you?
In the past, whenever I saw an overbought reading, I couldn't resist trying to call the top. It took a few painful lessons for me to realize that in a strong market, overbought can stay overbought. Now I treat the RSI as a reminder, not a switch.
Does this make sense to you?