Market Notes｜$Q ｜Daily RSI(14) 75.1｜Overbought
Definition: RSI 50 is often treated as the dividing line between strength and weakness: staying above 50 indicates that upward momentum is dominant, and vice versa.
How to read it: “Divergence” is a commonly discussed use of RSI: when the price makes a new high but RSI doesn’t, it’s often seen as a sign that upward momentum is weakening. However, divergence can persist for a long time.
Don’t chase a trade during the sharpest move. Wait for the candlestick to close before deciding.
#Q
This may not be accurate, so don’t follow it blindly.
Definition: RSI 50 is often treated as the dividing line between strength and weakness: staying above 50 indicates that upward momentum is dominant, and vice versa.
How to read it: “Divergence” is a commonly discussed use of RSI: when the price makes a new high but RSI doesn’t, it’s often seen as a sign that upward momentum is weakening. However, divergence can persist for a long time.
Don’t chase a trade during the sharpest move. Wait for the candlestick to close before deciding.
#Q
This may not be accurate, so don’t follow it blindly.