Dolphins and Chimps are more clever than both,
But foxes are known to be the most clever!
Recently, it has been found that RSI can humble even the fox!!
RSI has double meaning to whatever it does
When it hits its head in the oversold or overbought wall
-it may mean it is indeed "over" sold or bought
-it may mean "ye to sirf shuruaat hai, aage aage dekhiye hota hai kya"!
When it retreats back after hitting the oversold or overbought wall
-it may mean price is going to correct
-it may mean the rsi is making room for itself to hit again harder!
When the rsi is not moving at all
-it may mean the price has paused
-it may mean that the price trend is losing the steam!
When the rsi is horizontal and price is not
-it may indicate rise in price if rsi is in the lower band
-it may indicate consolidation or fall in price if rsi is in the upper band
When the rsi is parallel to the price line
-it may indicate trend reversal if both are horizontal
-it may indicate trend strengthen if both are rising or both are falling
beware of the fox in the trading jungle
the RSI!
It knows a lot but is foxy in revealing!!!
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