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**How to use it:** Like the RSI, the Stochastic Oscillator is used to identify overbought and oversold conditions. Generally, readings above 80 indicate overbought conditions, while readings below 20 suggest oversold conditions. Crossovers of the %K and %D lines can also generate trading signals. When the %K line crosses above the %D line, it's a bullish signal, and when it crosses below the %D line, it's a bearish signal. Traders also look for divergence between the Stochastic Oscillator and the price to confirm potential reversal points.
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