Overbought
An oscillator in the upper zone: gains were strong relative to pullbacks.
Overbought is a state where an oscillator, most often RSI, enters the upper part of its scale, usually above 70. It means recent gains have been strong relative to pullbacks — and nothing more. In a range that state usually precedes a move back toward the middle; in a sustained trend the indicator can stay overbought for weeks while price keeps rising. Selling merely because it is above 70 is the most common mistake in working with oscillators.