Indicators showing oversold conditions

Just for matey. Educational purpose.

Comment:

Fun to see, that the high-volume node is similar to the middle pivot point (the blue line in the middle, from the murrey-lines). Might be a bigger support.

Just for educational purposes. I would like to get feedback.

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lol. my bad. I meant overbought, of course.

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Because of that simple idea, I guess a stop at 7,5 - 7,3 k. Let's see if that's true. I'm really new to TA.

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ut viewed on a daily chart, also could drop even more, to 6,7 maybe. It's also overbought on daily.

Trade closed: target reached

Comment:

We're now at the major support (pivot point). If this holds, another attempt to break through 8,4 levels could be possible. If not, lower levels could be reached.