Indicator Notes | $SIREN | 4-hour RSI(14) 76.2 | Overbought
First, the definition: Wilder originally designed RSI for commodity markets, and now almost every charting platform includes it.
How to read it: During a strong uptrend, RSI can stay above 70 for a long time; during a one-way downtrend, it can remain below 30 for an extended period. Overbought or oversold does not mean an immediate reversal.
The same data can mean very different things in different market conditions, so don’t apply any single rule mechanically.
#SIREN
First, the definition: Wilder originally designed RSI for commodity markets, and now almost every charting platform includes it.
How to read it: During a strong uptrend, RSI can stay above 70 for a long time; during a one-way downtrend, it can remain below 30 for an extended period. Overbought or oversold does not mean an immediate reversal.
The same data can mean very different things in different market conditions, so don’t apply any single rule mechanically.
#SIREN