Deeper Insight

The Stochastic is an indicator I personally like using in ranging markets, but traders use it for many different reasons. Oscillators are built in different ways, but they all help you follow the cycles of the market in some form.

The example above is pointing out a common setup I like to see when the market is ranging. This type of setup has had a solid win rate for me when it lines up with the right structure. The key is to wait for your candle patterns or entry confirmations and not chase volume just because the indicator is moving.