%% Exactly; except TAN has all time highs of over $300\oops\ 2020 hi of $125 hi \oops.Good way to lose money on that uptrend\ bears may do OK. RSI gives so many false signal in any kind of good uptrend so i seldom look @ it. I have used it daytrading sometimes when you have to be out by 3:00CST, but i dont miss RSI @ all...........................................................................................
I hear you on that, but I have found it pretty reliable in knowing when a short is safe. X number of minutes over 70 or over 80, that bad boy is coming back down.
OS/OB readings are not ironclad take it to the bank every time after time. No matter how extreme, no matter how long. If anything more times than not that is a signal to go with not against.