Hey guys, new here. i became a member on this website because i think that people here can help me become a good technical analyst.
i have a question regarding bollinger bands. i know what bollinger bands are and what is the significance of the upper and lower bands. i also know that price sometimes go outside the bands(5% according to the book).
i need to learn how to predict when the price is going outside the band or when it is going to reverse.
Here is a sample image:
Attachment 221802
can anyone please tell me how to find out where the price is going to move? whether its going to move outside the band or its going to reverse. thanks in advance.
i have a question regarding bollinger bands. i know what bollinger bands are and what is the significance of the upper and lower bands. i also know that price sometimes go outside the bands(5% according to the book).
i need to learn how to predict when the price is going outside the band or when it is going to reverse.
Here is a sample image:
Attachment 221802
can anyone please tell me how to find out where the price is going to move? whether its going to move outside the band or its going to reverse. thanks in advance.
Help needed in finding trend using bollinger bands!
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