Here’s 3 ways the relative strength index (RSI) can be used as a sell signal
Bearish divergences and overbought conditions on the RSI are signals traders can look for when considering whether to close a position. A trade is profitable only if both the purchase and the sale are done at the right time. Many times, traders sell their positions too early and leave profits on the table or they keep holding on to the trade even after the trend changes. This leads to profits evaporating, and many times the trade turns into a loss.While it is important to trade with the trend, it is also important to keep an eye out for signs of a reversal. If traders learn to spot these....
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