Straight to the point: the $RLC 4-hour RSI has reached 79.2 (overbought).
I used to see overbought and immediately try to call the top. It took a few painful lessons for me to realize that in a strong market, things can stay overbought for a long time. Now I treat the RSI as a reminder, not a trigger.
Got thoughts? Drop a comment.
#RLC
For reference only. Trade at your own risk.
I used to see overbought and immediately try to call the top. It took a few painful lessons for me to realize that in a strong market, things can stay overbought for a long time. Now I treat the RSI as a reminder, not a trigger.
Got thoughts? Drop a comment.
#RLC
For reference only. Trade at your own risk.