Technical Note | $AKE | 4-hour RSI(14) 23.9 | Oversold
Definition: When Wilder first introduced the RSI, it was designed for futures markets. Today, almost all market charting software includes it by default.
Common interpretation: When the RSI enters overbought or oversold territory, a safer approach is to first consider the broader trend, where the key price levels are, and whether your position can withstand further volatility.
Don’t chase trades during the most volatile minutes. Wait for the candlestick to close before deciding.
Definition: When Wilder first introduced the RSI, it was designed for futures markets. Today, almost all market charting software includes it by default.
Common interpretation: When the RSI enters overbought or oversold territory, a safer approach is to first consider the broader trend, where the key price levels are, and whether your position can withstand further volatility.
Don’t chase trades during the most volatile minutes. Wait for the candlestick to close before deciding.