Looking at the previous instances in the last 6 months that RSI has been this overbought, everytime it has immediately had a sharp dip.
One concerning factor is the delay how it has consolidated now for a few semi-tight closes but the R/R ratio 4/1 compensates for that.
Price target 1 if it reversed would be the point of control, although another more ambitious target would be waiting for the RSI to get oversold.
One concerning factor is the delay how it has consolidated now for a few semi-tight closes but the R/R ratio 4/1 compensates for that.
Price target 1 if it reversed would be the point of control, although another more ambitious target would be waiting for the RSI to get oversold.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.