$ERA Daily RSI: 76.5, in overbought territory.
A beginner’s burning question: How do you read the RSI?
The RSI (Relative Strength Index), developed by Welles Wilder, is calculated using the average gains and average losses over the most recent 14 candlesticks. Its value ranges from 0 to 100.
The RSI tends to work better in range-bound markets, while in strong one-way trends it often gives reversal signals too early.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule.
#ERA
When markets are highly volatile, risk management comes first.
A beginner’s burning question: How do you read the RSI?
The RSI (Relative Strength Index), developed by Welles Wilder, is calculated using the average gains and average losses over the most recent 14 candlesticks. Its value ranges from 0 to 100.
The RSI tends to work better in range-bound markets, while in strong one-way trends it often gives reversal signals too early.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule.
#ERA
When markets are highly volatile, risk management comes first.