Coming right up, today’s candlestick snapshot: $US 4-hour RSI is 78.6, entering overbought territory.
RSI at 78.6—and my heart rate is climbing too.
Jokes aside, traditionally, an RSI above 70 is considered overbought, while a drop below 30 is considered oversold. Some traders use 80 / 20 as more extreme thresholds.
Knowing how to read indicators isn’t hard; the hard part is sticking to your plan when emotions are at their most extreme.
#US
Markets can change in an instant, so don’t rush to conclusions.
RSI at 78.6—and my heart rate is climbing too.
Jokes aside, traditionally, an RSI above 70 is considered overbought, while a drop below 30 is considered oversold. Some traders use 80 / 20 as more extreme thresholds.
Knowing how to read indicators isn’t hard; the hard part is sticking to your plan when emotions are at their most extreme.
#US
Markets can change in an instant, so don’t rush to conclusions.