Daily 2-Minute Chart Study #209 – RSI 61.8 & 38.2 Long-Term Levels

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Here is a look at how RSI levels of 61.8 and 38.2 can be useful in telling us what the sentiment in a stock is.

Keep in mind that Fibonacci levels of 61.8 and 38.2 (and the other important RSI levels of 69.1 and 30.9) are all derivatives of 61.8 or 1.618 – the golden mean or God’s ratio as discussed here: https://www.youtube.com/playlist?list=PLjHhEQ5LDpkaILP62YdqCXyHmndnhU4u1

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