Stocks can remain overbought or oversold for a different periods time in a strong trend. What traders need to look for are clues that there is a change in trend and price action at a previously identified support or resistance point. Bollinger Bands can help determine these points. A successful trader must be reality based, not driven by illusion. The reality is that markets are nothing more than pure supply and demand at work and learning charting methods can help in making money when trading.
Bollinger Squeeze
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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