RSI is not RS(Relative Strength) or RP (Relative Performance) when i say Weakness i m speaking of the peaks and bottoms, in other words comparing...
i agree, a falling of RSI doesnt mean a falling off a trend or a signal to trade, it is an indicator of weakness no more.
in a bull market its indeed fluctuating between the neutral and overbought zone and in a bear market between neutral and oversold levels. Not sure...
......Does anyone else see this huge negative divergence on a WEEK chart? or do i need new glasses?
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