Category: Technical analysis

Understanding Overbought and Oversold Conditions When it comes to trading in financial markets, understanding overbought and oversold conditions is crucial for making informed decisions. These terms are commonly used to describe situations where the price of an asset has deviated significantly from its normal levels and may be due for a correction. Let’s delve deeper into what overbought and oversold conditions mean and how they can impact your trading strategies. What are Overbought and Oversold Conditions? Overbought and oversold conditions are technical indicators that help traders assess the current state of an asset’s price. They are based on the premise ... Read more