Patterns › RSI overbought drop
Indicators
RSI overbought drop
RSI rose above 70, then fell back below it. Buying may be tiring.
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 631 | 39% | 55% | 6% |
| United States | 944 | 34% | 64% | 2% |
| Japan | 419 | 42% | 56% | 3% |
| Crypto | 5,474 | 34% | 57% | 10% |
| Forex | 627 | 32% | 56% | 12% |
| Commodities | 315 | 28% | 64% | 8% |
Counted on real past charts by the Trading Class research engine, 8,410 cases in all. Past odds, not a forecast.
How to practise it
RSI just crossed back below 70. Buy, sell, or wait? In the app, 36 real examples of the rsi overbought drop wait for you across 6 markets, and you say what happened next before the chart shows you.
Lesson: RSI: how strong the recent moves are.
Related
RSI oversold bounce · Stochastic bullish cross · Stochastic bearish cross · Golden cross · Death cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · MACD bullish cross