Hi guys ,
I’m hoping you can help me to understand something.
As you can see on the graph above the RSI (set to normal parameters of 14) was showing that market conditions were overbought - and this would usually indicate that it’s time to sell .
However as you can see the price in fact continued to rise in line with what the EMA crossover predicted.
I can’t understand why the RSI was giving a misleading signals on this occasion and suggesting to sell .
Can anyone help me to understand ?
Thanks very much