Oversold /Overbought

 In oversold- on any time frame. Sentiment are weak. Fear. Market in doldrums. mindset. Feeling of unlikely to recover - deeper deeper levels- pessimistic mindset develops

In Oversold drag continues down. Later develop positive divergence and still some drag down till reversal is not witnessed by lower top cross over

Oversold on hourly oversold happens frequently. Oversold Daily may be once in 2-3 months

Oversold and Oversold Exit becomes opportunity. In Oversold good to get ETF or index based stock. In Oversold Exit good for trading pullback or new trend in that time frame

Overbought is euphoria and over optimism. Generally, lead to fall towards oversold. 







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