What role does relative strength index (RSI) or other momentum indicators play in your trading decisions?
» Market Analysis- The RSI helps identify overbought or oversold conditions, signaling potential reversal points.
- Momentum indicators like RSI assist in confirming trend strength and likelihood of continuation.
- They provide early warning signs of potential price movement changes, allowing for timely entry or exit decisions.
Just curious how much y'all lean on stuff like the relative strength index (RSI) or any other momentum indicators when you're making trading calls. Do they seriously shape your decisions, or are they just one piece of the puzzle among many? Any tips or strategies you swear by that involve these tools? Would love to hear about your experiences and what's working for you in the markets.
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