$NVDAB 4 hours: RSI 23, in oversold territory.
A beginner’s burning question: what exactly is RSI measuring?
When Wilder first introduced RSI, he used it in commodity markets. Today, pretty much every charting tool comes with it built in.
Extreme readings on longer timeframes usually carry more weight than those on the 4-hour timeframe. Readings on the 4-hour chart occur more often, and come with plenty of noise too.
Before trading with leverage, first consider whether you can handle the worst-case scenario. Then see what the signals say.
Don’t take this as advice.
A beginner’s burning question: what exactly is RSI measuring?
When Wilder first introduced RSI, he used it in commodity markets. Today, pretty much every charting tool comes with it built in.
Extreme readings on longer timeframes usually carry more weight than those on the 4-hour timeframe. Readings on the 4-hour chart occur more often, and come with plenty of noise too.
Before trading with leverage, first consider whether you can handle the worst-case scenario. Then see what the signals say.
Don’t take this as advice.
