what is rsi

The Relative Strength Index (RSI) is a popular momentum oscillator. Technical analysis to measure  of price movements. Developed  J. Welles Wilder, RSI ranges from 0 to 100 and helps traders identify overbought or oversold conditions in a market. An RSI value above 70 typically indicates that an asset may be overbought and due for a correction. While a value below 30 suggests it  oversold and poised for a potential upward movement. Traders spot potential reversal points. Confirm trends, and  informed trading decisions. By incorporating  into their analysis, traders can manage risk and enhance their trading strategies. Understanding how to read and apply can provide valuable insights into market dynamics. And improve overall trading performance. Learn how to effectively to optimize your trades and achieve better results.

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