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Overbought Or Bulls Getting Stonger.
Frm:gandhiadg;
As A Beginner To Technical Analysis I Would Like To Request A Clear Understanding And Insight From The Experienced Traders
On The
The Interpretations Related To Oscillatior Position For Short Term Trading Purposes.
For Example When Rsi Is In Overbought Zone And The Reading Increasing From 60 To 75 To 81 And So On.
Now Is It An Overbought Position For The Market To Reverse Or Bulls Are Getting Stonger. Similarly For Oversold Position When The Reading Drops Below 30 And Continues To Do, Is The Market Preparing To Reverse Or The Bears Are Getting Stronger.
What Could Be The Practical Guideline To Decipher Between The Two With A Good Level Of Probabilitly To Enable Taking Better Trading Decision
Thks In Advance.
Gandhiadg.
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