Hello Traders! đ
Today, we're deciphering an essential tool for analyzing the markets: the RSI (Relative Strength Index). Whether you're trading stocks, forex, or cryptocurrencies, understanding the RSI can make the difference between a successful position and a risky trade.
đ What is RSI?
The RSI is a technical indicator that measures the speed and amplitude of price movements. It assesses whether an asset is overbought (too expensive) or oversold (too low), which can anticipate trend reversals.
đ In summary:
- Scale from 0 to 100.
- > 70 = Overbought (risk of correction).
- < 30 = Oversold (potential rebound).
đŻ How to use it in Trading?
1ïžâŁ Basic Strategy: Overbought/Oversold
- Buy: RSI leaves the oversold zone (<30) and rises.
- Sale: RSI leaves the overbought zone (>70) and falls back.
â ïžAttention: In a strong trend (e.g. Bitcoin in bull run), the RSI can remain >70 for a long time without correcting.
2ïžâŁ Divergences: A powerful signal
- Bullish divergence: Price makes a LOWER, but the RSI rises â Buying potential.
- Bearish divergence: Price makes a HIGHER, but the RSI falls â Potential sell.
3ïžâŁ Winning combination: RSI + Other tools
- With a moving average (MM50/MM200) to confirm the trend.
- With support/resistance levels to validate entry zones.
â ïž Pitfalls to Avoid
- False signals in the market range (the RSI can oscillate without a clear trend).
- Ignore the overall trend (systematically sell at RSI >70 in bull market = error).
â Solution: Use RSI in **conjunction with other indicators** (MACD, volumes, Price Action).
đĄ The Pro Council
When day trading, test a short RSI (period 9) for more responsiveness.
In swing trading, favor RSI 14 or 25 to avoid noise.
đ Concrete example
đ Scenario:
- A stock falls sharply, RSI goes below 30.
- Price stabilizes, RSI rises above 30 â Buy signal.
- Target: RSI approaches 70 â Partial profit taking.
đ To go further:
- Backtest the RSI on your favorite assets.
- Compare it with other indicators to refine your entries.
â And you?
- Are you already using RSI?
- Which strategy was most successful for you?
đ Share your experiences in the comments! We all learn together. đĄ
đ Like â Share if helpful** to help the community!