RSI Trend Strength: Spotting Overbought & Oversold
Overbought indicates that an asset has been bought so intensely that it is likely overvalued and could reverse lower, while oversold indicates that it has been sold too quickly, is undervalued, and could be about to rebound higher. These are key dynamics and information that a trader must consider and monitor on the chart. But how? This is where the indicator that everyone knows and uses, or rather abuses, comes…


