$TRUMP 4 hours: RSI 19, in oversold territory, with the current price at 0.918.
Since this number came up, let’s talk about RSI.
When Wilder first introduced RSI, he used it in the futures market. Today, almost every charting platform includes this indicator.
RSI is calculated from past prices and reflects the pattern of price movements that have already happened; it can’t tell you what will happen next.
Indicators can fail, so risk management should never be overlooked: thinking ahead about what to do if you’re wrong is more important than guessing whether you’re right.
Since this number came up, let’s talk about RSI.
When Wilder first introduced RSI, he used it in the futures market. Today, almost every charting platform includes this indicator.
RSI is calculated from past prices and reflects the pattern of price movements that have already happened; it can’t tell you what will happen next.
Indicators can fail, so risk management should never be overlooked: thinking ahead about what to do if you’re wrong is more important than guessing whether you’re right.
