RSI Below 30? Why Oversold Doesn’t Guarantee a Bounce
Summary
Hollow Point Trading shares an educational replay explaining why RSI below 30 does not guarantee a bounce. It shows how price can make another low while RSI remains depressed, and why reclaiming a defined level and watching the close may provide more useful evidence.
https://youtu.be/S_aP3xjqcZM
RSI Below 30: Why Oversold Does Not Guarantee a Bounce #Shorts
RSI is below thirty. Does that guarantee a bounce? Watch the next red candle make another low while the oscillator stays depressed. Oversold can persist in a strong decline. A reclaim of a defined price level is different evidence from an oscillator merely entering a zone. Identify the level first, then watch the close.
HPT educational replay u...
