2017.09.13 00:00, D1, Coffee: overheated RSI to the upside (sell) short – (xpMail Free)
Coffee on D1 at 2017.09.13 00:00. The chart shows: the relative strength index (RSI) has reached an overheated level. Look out for a reversal, particularly if the next candle’s RSI level is clearly below its trendline, and below the overheated leve (potential short). Check the strength of the move, whether there has been a turn on strong resistance, a candlestick pattern, or test/restest off the top bollinger band or 20SMA and consider selling.
The chart is attached.