What is Overbought and oversold?
ChartsRSI above 70 is called overbought, below 30 oversold. They signal a fast move that may pause, not a guaranteed reversal.
Think of it like: A runner sprinting fast: they may slow down, or keep going.
Real example: RSI can stay above 70 for weeks during a strong rally.
Lesson: Momentum and the RSI Practise it now: Chart School Practise it now: Level Lines