two three things related to bollinger bands.
1. check the slope of the middle band . If it is sloping up then long trades only. If it is sloping down short trades only.
2.Price approaches the upper band and the upper and lower bands remain flat there is a REVERSAL chance.
3.Price approaches the upper band and the band goes up and the lower band is flat, or slightly sloping up the price will go up slowly for time being.
4.Price approaches the upper band and the upper band goes up and the lower band goes down the price will shoot up fast.
5.Price approaches the upper band and the upper and lower bands both slope down REVERSAL chance.
place stops or reverse trade when a bear candle closes below the middle band.
1. check the slope of the middle band . If it is sloping up then long trades only. If it is sloping down short trades only.
2.Price approaches the upper band and the upper and lower bands remain flat there is a REVERSAL chance.
3.Price approaches the upper band and the band goes up and the lower band is flat, or slightly sloping up the price will go up slowly for time being.
4.Price approaches the upper band and the upper band goes up and the lower band goes down the price will shoot up fast.
5.Price approaches the upper band and the upper and lower bands both slope down REVERSAL chance.
place stops or reverse trade when a bear candle closes below the middle band.