overbought/oversold should be used for profit taking, not trade entry
when the trend is up, you don't trade pull back, b/c you don't know when it will start and when it will end.
The same reason, when the trend is down, you don't trade bounce.
The traders, who wish to time the market on both sides, often get crashed by the surprsing strong trending move while waiting for a small countertrend gain.
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