TD 8 and 9

Overbought or Oversold?

The 8/9 indicators are an indication of overbought & oversold areas. They count consecutive days either up or down and print when 8 & 9 consecutive days in the same direction have occurred.

What is the difference between 8's and 9's:

• TD8 will appear first and lets you know that it is a mediocre time to buy or sell the asset based on overbought or oversold status

• TD9 is more rare but indicates the BEST time to either buy or sell the asset based on solely overbought or oversold status

Color coordination:

• Green 8's and 9's are bullish oversold areas

• Red 8's and 9's are bearish overbought areas

Signal	Bullish or Bearish	Definition
Green 8's	Bullish	Oversold, potential reversal
Green 9's	Bullish	VERY oversold, potential reversal
Red 8's	Bearish	Overbought, potential reversal
Red 9's	Bearish	VERY overbought, potential reversal

Confirmation:

This system can be used alone, or in conjunction with the other HTF/LTF signals to give better clarity on the potential move such as the:

• Base color Trend & Momentum candles

• Volatility Squeeze breakout system

Example:

1. Green 8/9 system indicated the breakout/oversold level

2. Red 8/9 system indicated the reversal level for take profit

3. 35% trade based off just 8/9 system