Overbought · oversold
It has moved a lot and fast. It does not mean sell or buy.
In the chapter
Which adds information and which repeats what you have
From the same chapter
- DivergencePrice and oscillator disagree between two pivots. It only means something between recognisable extremes.
- OscillatorA bounded or centred indicator summarising recent speed. The redundancy matrix measures which one each repeats: several pairs reach 0.99, which is the same indicator with two recipes.