@Tp
In smaller Tf ,stoch (with this setting ) being / becoming oversold may indicate a start of reversal in the short term swing....Price being above 50 SMA, the trend is still up,and a retracement is what is happening.It could get stalled at 4990-4950 zone or go down further next few session.The intraday study is to pick a suitable entry for an intraday short with minimum risk and if it moves down below T1, then hold it as positional.
In smaller Tf ,stoch (with this setting ) being / becoming oversold may indicate a start of reversal in the short term swing....Price being above 50 SMA, the trend is still up,and a retracement is what is happening.It could get stalled at 4990-4950 zone or go down further next few session.The intraday study is to pick a suitable entry for an intraday short with minimum risk and if it moves down below T1, then hold it as positional.