oussama94
05-28-2017, 01:32
Bollinger bands work well in both ranging and
trending markets. In ranging markets, they may
forecast reversals, as prices are likely to bounce
off the upper and lower bands. In trending
markets, after we identify the trend direction
on the daily chart, we can look to sell when the
price touches the upper Bollinger Band if the
market is in a downtrend, and look to buy when
the price touches the lower Bollinger Band if
the market is in an uptrend.
trending markets. In ranging markets, they may
forecast reversals, as prices are likely to bounce
off the upper and lower bands. In trending
markets, after we identify the trend direction
on the daily chart, we can look to sell when the
price touches the upper Bollinger Band if the
market is in a downtrend, and look to buy when
the price touches the lower Bollinger Band if
the market is in an uptrend.