Just sharing a genuine observation: after $ERA 4 hours, RSI hit 77.4 (overbought).
When I first got into this, I couldn’t resist trying to pick the top whenever I saw an overbought reading. It took a few painful lessons for me to realize that in a strong market, an asset can stay overbought for a long time. These days, I treat RSI as a heads-up, not a trigger.
Anyone who’s looked into this care to add their thoughts?
#ERA
NFA, DYOR.
When I first got into this, I couldn’t resist trying to pick the top whenever I saw an overbought reading. It took a few painful lessons for me to realize that in a strong market, an asset can stay overbought for a long time. These days, I treat RSI as a heads-up, not a trigger.
Anyone who’s looked into this care to add their thoughts?
#ERA
NFA, DYOR.