I saw a chart yesterday with an overbought RSI used to make a case against continuation of an uptrend. This is absurd. The RSI is a short-term indicator of momentum and used for overbought/oversold conditions in a Gambler's fallacy sense.
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I saw a chart yesterday with an overbought RSI used to make a case against continuation of an uptrend. This is absurd. The RSI is a short-term indicator of momentum and used for overbought/oversold conditions in a Gambler's fallacy sense.
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