If the priceline is the master, RSI is the master's most faithful and beloved servant.
The mood of the master can be judged from the behaviour of the servant.
When the master (price) is in a strong mood to trend, the obedient servant (RSI) bangs his head straight into the 80 or 20(rsi) wall !
And since the master is in no mood to stop trending, the faithful RSI keeps bouncing and bumping into the 80-90-100 or 20-10-0 rsi wall again and again after retracing a step or two repeatedly.
And all this while the master keeps moving further, till he runs out of steam!
And then, the alert servant rsi takes the hint and retreats.
If the master is in mood to move but not too much too fast, his trusted servant retreats from 70-75 wall after just one hit and the master is visibly pleased at his "employee's" diplomacy.
When the master is in a casual mood, the loyal footman RSI retreats from halfway, pleasing his boss further.
RSI is to Price what Abdul Karim was to Queen Victoria.
Very faithful and intelligent and useful
but hated by co-workers
like RSI is hated by other Technical Indicators for its potency.
Anyone wanting to master the master, watch his shadow
the RSI.
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