Optimise Your Entry And Exit With RSI
Understanding RSI Signals The basic idea behind using the RSI is to identify overbought and oversold conditions based on RSI levels. Typically, an RSI above 70 suggests the uptrend is overextended, while an RSI below 30 may indicate excessive selling pressure. In theory, you would sell when the RSI moves above 70 and buy when it drops below 30. The rules sound simple, but they don’t translate directly into an effective trading strategy. The RSI…