RSI Trading Strategy: Trade the 50 Line, Not 70 and 30

RSI crosses 70, the textbook says “overbought,” and a lot of traders hit sell. Sometimes that works. In a strong trend, though, it is one of the most expensive habits in technical analysis. RSI can stay above 70 for weeks while price keeps climbing, and every “overbought” sell along the way fights the trend. This […]