A bearish divergence works exactly the same, but the other way round.

It
gives sell signals. You can sell as soon as the first RSI high has been
above its higher reference line (for example at 70) and the second top of
the RSI happens underneath the reference line. See Chart below.

Trend lines, support and resistance lines, and patterns, like “head and
shoulders”, work fine with RSI. Because RSl leads the price chart, it often
gives early warnings of likely trend changes. RSI trend lines are penetrated
before it happens in the price chart and patterns can be completed a few
days before completion in the price chart. Of course the fifth wave of a RSI
mostly is a failure, except when the fifth wave is an extension.

RSI levels indicate that above 70 the market is overbought, which calls for
a correction, although the RSI can reach 80 and more in a bull market.
Under 30 the market is oversold, so a rise can be expected, but be careful
because in a bear market a RSI beneath 20 is quite common. So when the
RSI goes above 70 and certainly above 80, look for a selling opportunity.
Beneath 30 and certainly 20 you should look to buy.

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