Bollinger-band (BB)   Leave a comment

BB signals the impending Repetition of Market Price Boom at certain breaking point of continuous price pattern either up or down. It has 3 bands (Upper, Mid and Lower).
⦁ A close outside the band is significant. A close outside the upper band usually say the stock/product is overbought. When it is outside the lower band it is oversold.
⦁ The more these lines constricts or tapers towards each other, it shows the greater chance of Market price booming soon. Good thing is that it keeps repeating.

If you don’t know where Market will go, trade with STOP BUY (Below High point of near many candlesticks) and STOP SELL (Below Low point of near many candlesticks) with SL (Equal value of STOP BUY for STOP SELL and vice-versa). You will certainly get Profit.

bollinger-band

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Posted April 13, 2015 by arjunlimbu

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