Technical note | $Q | 4-hour RSI(14) 76.6 | Overbought
Definition: RSI 50 is often treated as the dividing line between bulls and bears: staying above 50 over the long term suggests that upward momentum is dominant, and vice versa.
How to read it: RSI is usually more effective in range-bound markets, while in trending markets it can signal a reversal too early.
Any indicator only summarizes market action that has already occurred; price can move in the opposite direction at any time.
#Q
Definition: RSI 50 is often treated as the dividing line between bulls and bears: staying above 50 over the long term suggests that upward momentum is dominant, and vice versa.
How to read it: RSI is usually more effective in range-bound markets, while in trending markets it can signal a reversal too early.
Any indicator only summarizes market action that has already occurred; price can move in the opposite direction at any time.
#Q