Will This Test The Exact Low Before Reversing

newtrader101

Well-Known Member
#1
Friends,
This is a learning question, as I'm a new Price Action convert, wanted to know if you think Alumini chart below on 5 min will
test the exactly previous low (147.95) before reversing?
1540220514990.png

Dont' misunderstand the Bollinger Band. It is only for ranges!

I feel many bulls would have already taken long. What do you think?
 
Last edited:
#2
Friends,
This is a learning question, as I'm a new Price Action convert, wanted to know if you think Alumini chart below on 5 min will
test the exactly previous low (147.95) before reversing?
View attachment 29794
Dont' misunderstand the Bollinger Band. It is only for ranges!
Since both the upper and lower bands are rising, here is a possible scenario, specially if the next candle or two show long tails.

1540220919339.png


The previous pivot low did not pierce the band, and went on to make a higher high.
 

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