Bearish divergences and overbought conditions on the RSI are signals traders can look for when considering whether to close a position. A trade is profitable only if both the purchase and the sale are ...
A basic bearish signal is when the RSI crosses above 70, an overbought level. If this is followed by a move below 70, upward momentum may be weakening, alerting traders to a potential price reversal.
Nick Lioudis is a writer, multimedia professional, consultant, and content manager for Bread. He has also spent 10+ years as a journalist. Somer G. Anderson is CPA, doctor of accounting, and an ...
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