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BLACK MAGIC RSI

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What Is the RSI?

The Relative Strength Index (RSI) is a momentum indicator used in technical analysis to measure the speed and strength of recent price movements. It was developed by J. Welles Wilder Jr. and is one of the most popular tools for identifying whether an asset is overbought or oversold.

🔹 How It Works

The RSI moves on a scale from 0 to 100 and compares the size of recent gains to recent losses.

When the RSI value is high, it means prices have risen quickly.

When the RSI value is low, it means prices have fallen sharply.

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