Profitable Trading Patterns with Stochastic Oscillator Indicator

The Stochastic Indicator is created to move between 0 and 100. The oversold conditions in the market are marked by low levels (areas around 0) and the high levels (areas around the 100) denote the overbought markets. When we say the market has “Overbought”, we mean the market has gone too high and is getting ready to get on its way down. An “Oversold” condition is when the market has gone so low and it is on its way back up. Continue reading →