i'll give you the forwarding explanation to answer your question.
DYNAMIC ZONE STOCHASTIC The "Dynamic Zone Stochastic" is an oscillator from 0 to 100 that indicates zones where the security is "overbought" or "oversold". Unlike the classical RSI, the zones where the security is "overbought" or "oversold" are dynamic rather than fixed.
Interpretation: If the Stochastic is higher than the upper level, the value is "overbought" and a bearish signal is given. On the other hand, if the Stochastic is lower than the lower level, the security is "oversold" and a bullish signal is given.
A bullish signal is generated when the Stochastic crosses over the lower level. A bearish signal is generated when the Stochastic crosses under the upper level.
for my 2 cents worth. confirmation of that indicator will be a breakout of that confirmed trending channel (red lines) if we get that breakout then the DZS with also be confirmed. at present i'm waiting on a reversal to re-enter.
SDL Price at posting:
36.5¢ Sentiment: None Disclosure: Not Held
