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09/01 21:17

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

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?

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