Sideways market: use the RSI to identify
tops and bottoms. The RSI 14 usually tops above 70 and bottoms below 30
However overbought/ oversold levels may vary
depending on the security
Check on the chart to see where the RSI
topped or bottomed in the past. The chart on the right shows the RSI 14 peaking
above 55 and bottoming below 40
|
|