Indicators showing oversold conditions
Updated
Just for matey. Educational purpose.
Note
Fun to see, that the high-volume node is similar to the middle pivot point (the blue line in the middle, from the murrey-lines). Might be a bigger support.Just for educational purposes. I would like to get feedback.
Note
lol. my bad. I meant overbought, of course.Note
Because of that simple idea, I guess a stop at 7,5 - 7,3 k. Let's see if that's true. I'm really new to TA.Note
ut viewed on a daily chart, also could drop even more, to 6,7 maybe. It's also overbought on daily.Trade closed: target reached
Note
We're now at the major support (pivot point). If this holds, another attempt to break through 8,4 levels could be possible. If not, lower levels could be reached.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.