Overbought 

In technical analysis, the term “overbought” refers to a situation in which the price of a financial instrument has risen too far and too fast. An overbought condition suggests that buying interest has driven the price to unsustainable levels, and a correction or reversal might be imminent. Key points about overbought conditions: Relative Strength: Overbought conditions are often identified using technical indicators that measure an asset’s relative strength or momentum. Commonly used indicators include the Relative Strength Index (RSI), Stochastic Oscillator, and Williams %R. Indicator Thresholds: These technical indicators typically assign numerical values that range from 0 to 100. A reading above a certain threshold (often 70 for RSI, for example) is considered an overbought condition. However, the specific threshold might vary depending on the asset’s characteristics and market conditions. 

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