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The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 typically indicating overbought conditions and below 30 suggesting oversold conditions. How does the RSI effectively assist traders in identifying these market extremes?

How does the RSI indicator help in identifying overbought or oversold conditions?

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How does the RSI indicator help in identifying overbought or oversold conditions?

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