Chart Notes｜$BULLA ｜4-hour RSI(14): 75.8｜Overbought
First, a definition: Wilder originally designed the RSI for futures markets, and today it’s built into pretty much every charting tool.
How to read it: RSI is calculated from past prices and describes the strength of a move that has already happened. It can’t tell you what to do next.
The same reading can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
Just sharing some thoughts—whether you win or lose, you have to bear the consequences yourself.
First, a definition: Wilder originally designed the RSI for futures markets, and today it’s built into pretty much every charting tool.
How to read it: RSI is calculated from past prices and describes the strength of a move that has already happened. It can’t tell you what to do next.
The same reading can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
Just sharing some thoughts—whether you win or lose, you have to bear the consequences yourself.
