Honestly, $AVA ’s daily RSI has reached 83.2 (overbought).
When I was new to trading, every time I saw an overbought reading, I couldn’t resist trying to call the top. It took a few hard lessons to understand: in a strong trend, the market can stay overbought for a long time. Now I treat RSI as a heads-up, not a trigger.
Let’s talk in the comments.
When I was new to trading, every time I saw an overbought reading, I couldn’t resist trying to call the top. It took a few hard lessons to understand: in a strong trend, the market can stay overbought for a long time. Now I treat RSI as a heads-up, not a trigger.
Let’s talk in the comments.