RE: tree shake9 Aug 2021 18:21
@ontarget Its all about how you read YOUR chart, i have OS/OB at 20 AND 80. 30/70 is just a default setting for most.
Some traders assume that just because price goes below 30 that a reversal must be imminent when in fact the bears are in control of the market and there is more chance of it going lower.
As you rightly say other factors should come into play.