Joke alert: RSI is at 76.6 after $APR 4 hours, in overbought territory.
RSI 76.6—my blood pressure is rising too.
Seriously, RSI is calculated using closing prices only; it doesn't take trading volume into account, nor does it reflect intrabar candlestick wicks.
Indicators can be inaccurate, but risk management can't be skipped: deciding in advance what to do if you're wrong matters more than getting the prediction right.
#APR
RSI 76.6—my blood pressure is rising too.
Seriously, RSI is calculated using closing prices only; it doesn't take trading volume into account, nor does it reflect intrabar candlestick wicks.
Indicators can be inaccurate, but risk management can't be skipped: deciding in advance what to do if you're wrong matters more than getting the prediction right.
#APR