LRS - Careful with your RSI indicator. I put the two on my chart below. Your Stochastic RSI shows oversold but the standard RSI is about in the middle.
Here's the difference between them (I had to look it up )
"While relative strength index was designed to measure the speed of price movements, the stochastic oscillator formula works best when the market is trading in consistent ranges. Generally speaking, RSI is more useful in trending markets, and stochastics are more useful in sideways or choppy markets."
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LRS - Careful with your RSI indicator. I put the two on my chart...
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