Confirm Trends:
Uptrend: If the RSI remains above 50 and often touches 70, it confirms a strong uptrend.Downtrend: If the RSI stays below 50 and often dips towards 30, it indicates a strong downtrend.
Divergences:
Bullish Divergence: Occurs when the price makes a new low but the RSI makes a higher low. This can signal a potential upward reversal.
Bearish Divergence: Happens when the price makes a new high but the RSI makes a lower high, suggesting a potential downward reversal.