RSI stands for relative strength index and it helps measure the direction and momentum of a specific stock.
Generally, RSI looks at gains and losses over 14 periods, although some traders could rely on different time intervals.
An RSI indicator increases when a stock increases in value and decreases when the opposite is true.
The indicator is measured on a...
A Head and Shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In Technical Analysis, it describes a specific chart formation that predicts a trend reversal. The head and shoulders pattern is one of the most used reversal patterns because of its good reliability.
Here...
