There is no such thing as over bought/sold in trending markets with the stochastic.
During trending markets indicators such as the stochastic will stay within their over sold/bought zones for the majority of the trend, as these indicators readings are capped with how high and low they can go 0-100 they will stay within that zone during strong trends.
All of this over bought/sold stuff is novice talk, and it is one of the thing/problems that leads new and novice traders to fail.
Yes there is pullbacks within trends but if price is falling and it pullsback, it does not mean its over bought, vice-versa for longs, remb one thing the stochastic is an oscillator, it was built/created/mathamaticlly programmed for ranging bound markets, not for trends.
So basiclly you are using a screwdriver to hammer in a nail.
During trending markets indicators such as the stochastic will stay within their over sold/bought zones for the majority of the trend, as these indicators readings are capped with how high and low they can go 0-100 they will stay within that zone during strong trends.
All of this over bought/sold stuff is novice talk, and it is one of the thing/problems that leads new and novice traders to fail.
Yes there is pullbacks within trends but if price is falling and it pullsback, it does not mean its over bought, vice-versa for longs, remb one thing the stochastic is an oscillator, it was built/created/mathamaticlly programmed for ranging bound markets, not for trends.
So basiclly you are using a screwdriver to hammer in a nail.