Stochastic's are based on momentum ??
If so then I would not be worried about them being overbought as the momentum itself is still strong, I have marked my sells and also showed the area's where momentum within the stochastic's differed in price to give the clue that a trend change was coming ?? I didn't mark the April highs, but they stand out pretty well too :)
Maybe sell and buy the break of upper and lower lines respectively. I draw trend lines all ove mine especially on 1 hourly's
Hope you don't mind my graffiti on your chart
Regards
Rob
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- weekend charting 10/12 dec
weekend charting 10/12 dec, page-81
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