What is Over Sold Situation in Fibonacci retracement

Dear over sold situation fibonacci retracement main kesy found ki jati hai or iski market main kia interpretation ho sakhti hai. Please explain krin

Re: What is Over Sold Situation in Fibonacci retracement

I am not Fibonacci user Laken itna idea zarur hain k Fibonacci k level hoty hain agr market un sub level ko cross kar over hojaye thats called over sold or over bought . Same like RSI , RSI k bhi 2 level hoty default 30 level and 70 level jab market 30 level sy bhi nechy jaye wo over sold khelati hain or jab market 70 level sy bhi uper chli jaye to wo ober bought khelata hain.

never ever place order in over bbought or oover sold condition.