Disliked{quote} You must remember that there is no such thing as an overbought market in an uptrend, or an oversold market in a downtrend.Oscillators should only be use to recognize divergence. That's it. PA @ support/resistance rules over all! Indicators can be use for confirmation of PA@S/R, but PA@S/R rules over all. You must also know that indicators are written and introduced to retail traders by professionals to deceive and manipulate the average retail trader. It handicaps you from the very start, and you become dependent on them. Once you wrap your...Ignored
You are spot on with this post.
As you say indicators should only be used for confirmation.
Always follow what the market is telling you and not the indicators.