To be honest, $CFX ’s daily RSI is at 75.3 (overbought).
When I first got into this, I couldn’t resist trying to call the top whenever I saw an overbought reading. It took a few hard lessons to realize that in a strong trend, an asset can stay overbought for a long time. Now I treat RSI as a heads-up, not a trigger.
Do you agree?
#CFX
When I first got into this, I couldn’t resist trying to call the top whenever I saw an overbought reading. It took a few hard lessons to realize that in a strong trend, an asset can stay overbought for a long time. Now I treat RSI as a heads-up, not a trigger.
Do you agree?
#CFX