$Q Daily RSI is 75.1, entering overbought territory.
Let's use this figure to break down RSI.
RSI 50 is often treated as the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum is dominant, and vice versa.
RSI tends to work well in range-bound markets, but in a one-way trend it can easily signal a reversal too early.
Don't change your usual pace because of a single indicator, and don't use borrowed money to test a hypothesis.
#Q
Let's use this figure to break down RSI.
RSI 50 is often treated as the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum is dominant, and vice versa.
RSI tends to work well in range-bound markets, but in a one-way trend it can easily signal a reversal too early.
Don't change your usual pace because of a single indicator, and don't use borrowed money to test a hypothesis.
#Q