4 Day RSI over 70… Is History Repeating?


Iv noticed on the 4d chart that every time the RSI has broken 70, even if it has fallen back below, it has been the start or the continuation of a Bull Market. Not once has if failed. Our current over 70 looks eerily similar to the 2012 RSI over 70. They both have wedge consolidation, then went over 70 then dipped back below. Any thoughts?