RSI - Shooting higher and higher!!!

Present RSI of the All Share Index and many other stocks are way too high, but doesn't seem like retracing any time soon.

Therefore we need to understand this behaviour in line with our Market, than sticking to the theories or lessons learnt in other Markets.

A Chart of the index or a stock resembles the HIGH WAY.

The Index or the Stock is your CAR (vehicle)
Price behaves like the ENTRY/EXIT POINTS also TRAFFIC JAMS in the High Way.

Volumes act as the Good and Bad ENERGY of the one who drives (Trader/Investor - aka Bulls and Bears) the CAR.

RSI behaves as the SPEEDO - METER of the Vehicle.

When the Driver gets into a CAR called AEL at the ENTRY POINT of 12.00 around 14th - 17th of May 2019, the SPEEDO - METER the RSI was at 24, the DRIVER started gathering ENERGY by accumulating the Bullish Volumes (reflected in Green in the Volumes Bars), and Speeds up. The SPEEDO-METER the RSI, thereby passing the EXIT POINTS (the Prices) to get stuck in a Traffic of 14.40 on the 17th of June 2019. At this point the SPEEDO-METER the RSI was at 78. But he got stuck in a TRAFFIC JAM. However at each EXIT POINT the DRIVER did not exit but charged his ENERGY of Volumes by consuming Green Volumes. We can see the Driver getting exhausted at times by seeing his ENERGY receiving RED volumes, yet his GREEN Volumes over powered that.

After hitting the Traffic Jam at 14.40 the DRIVER retraced towards the ENTRY POINT of 13/60 on the 24th of June 2019, at which point the SPEEDO - METER too had come down towards 67 points. With the renewed ENERGY of Green volumes the DRIVER successfully speeds up towards 17.30 with minor traffic jams around 14.80, 15.30, and 16.30. He reached the 17.30 PIONT on the 17th of July 2019. The SPEEDO-METER the RSI has now reached 86.

The Driver encountered another somewhat prolonged Traffic Jam at this point with a fairly high speed as the SPEEDO - METER the RSI dropped only to 77 on the 22nd of July at the 16.30 POINT. The Driver loaded himself with more ENERGY of Green Volumes during this period. From there on the Driver of AEL propelled his car to reach 19.50 on the 29th of July, at a speed of almost 91. Along the way he has accumulated more and more GREEN VOLUMES of ENERGY.

Going forward the DRIVER may encounter a Traffic Jam. But before that with the available ENERGY he could reach a POINT between 20 and 21. Ofcourse the Driver has to slow down, but with the strength he has consumed with Volumes of Energy he could try to speed up and reach those POINTS of 20 and 21. This must happen in the next 2 to 3 days. Else another Traffic Jam!!!