📊 What is the Stochastic Indicator?

The Stochastic Indicator is a tool that helps you know if a currency or stock has reached an overbought or oversold condition.

What does that mean? ⬇️

When the indicator drops below 20 🔻 it means the market might be at a bottom and ready to rise ✅

And when it goes above 80 ⬆️ it means the market might have reached a peak and is ready to drop 🚫

But be careful‼️ You need to confirm the signal with price action or support/resistance, because sometimes the indicator gives false signals.

📍 Preference: It works well in ranging markets but in strong trends, it might deceive you.

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