Is the RSI death fork a buy or a sell, and what does the RSI death fork mean

Updated on Financial 2024-05-22
3 answers
  1. Anonymous users2024-02-11

    Technically, the RSI death fork is a sell. But there are a lot of things to think about. Hope.

  2. Anonymous users2024-02-10

    RSI Relative Strength Indicator: The theory is that in a normal **, the stock price can only stabilize if the power of the long and short sides is balanced. According to the theory of normal distribution, random variables have the highest chance of appearing in the region near the central value, and the farther away from the central value, the less likely they are to appear.

    In the long-term development process of **, the relative strength index changes between 30 and 70 most of the time, with the most chance between 40 and 60, and the less chance of more than 80 or less than 20. The least chance of occurrence is above 90 and below 10. Therefore, RSI is suitable for the best investment and is widely used in the measurement and analysis of the world.

    Application 1RSI Golden Cross: When the 6-day RSI breaks through the 12-day RSI from bottom to top, there is a buying opportunity.

    RSI Death Fork: When the 6-day RSI breaks the 12-day RSI from top to **, there is a selling opportunity.

    2.RSI<20, oversold, if W bottom pattern appears, there is a buying opportunity.

    3.RSI >50, optimistic about the outlook; RSI <50, the outlook is bearish.

    4.RSI>80, overbought, if there is an M-head shape, it is a selling opportunity.

    You can use a**treasure mobile phone** to see the specific use of technical indicators, each of which has a detailed description of how to use, and it is much more convenient to use. I hope it can help you, and I wish you all the best in your investment!

  3. Anonymous users2024-02-09

    What does the RSI death fork mean Rush Wheel: RSI indicator.

    The 6-day RSI line and the 12-day RSI line are usually used as the main references. When these two indicator lines intersect, a ** cross or death cross of the RSI indicator is formed. The golden cross or death cross of the RSI indicator is an important basis for judging the short-term trend change.

    The death fork of the RSI indicator refers to the short-term RSI curve crossing the long-term RSI curve from top to bottom, that is, the 6-day RSI line breaks the 12-day RSI line from top to form a death cross, which is a sell signal. Among them, the sell signal from the death cross that appeared in the overbought zone at the high of the RSI indicator is stronger. When a death cross is formed, it proves that the trend is heading towards the bears.

    Direction development. Investors should choose the right time to ship, otherwise they will face the risk of capital shrinkage.

    Judging from the position of the RSI death fork formation segment, it is usually formed after the indicator is overbought, and the death cross formed after the RSI indicator ** to the 50 line. In both cases, the death fork formed is a good time to ship. If the corresponding ** has peaked and fallen, or the magnitude of the decline has been relatively large, it can strengthen the role of the bearish signal of the RSI death fork.

    When the 6-day RSI falls below the 12-day RSI, a dead cross pattern of the RSI indicator is formed, and if the dead cross pattern of the RSI indicator appears in the high area above 50, it is called a high dead cross pattern. The RSI high death fork pattern indicates that the momentum of the stock price is getting weaker and weaker, and the momentum is increasing, and the stock price will be rapid in the future. As for the main points of operation of the RSI death fork:

    If the 6-day RSI falls below the 12-day RSI and the 24-day RSI forms a death fork, it verifies the signal that the bears' power is gradually getting stronger. The bearish signal for this pattern will be stronger. When the death cross pattern appears, the higher the position of the RSI indicator, the more space the scatter letter indicates that the stock price will have more room in the future.

    If the RSI death cross appears in the overbought area above 80, it is a very strong bearish signal.

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