Bollinger Bands: Understanding the Weekly SHELL Chart
The weekly SHELL screenshot showed Bollinger Bands at approximately:
- Upper band: $0.02600
- Middle band: $0.02218
- Lower band: $0.01835
Bollinger Bands describe price dispersion around a moving average. They are not guaranteed price targets or predictions.
The indicator is most useful when interpreted alongside price action and market conditions rather than treated as a standalone trading signal.
#SHELL #BollingerBands #TechnicalAnalysis
The weekly SHELL screenshot showed Bollinger Bands at approximately:
- Upper band: $0.02600
- Middle band: $0.02218
- Lower band: $0.01835
Bollinger Bands describe price dispersion around a moving average. They are not guaranteed price targets or predictions.
The indicator is most useful when interpreted alongside price action and market conditions rather than treated as a standalone trading signal.
#SHELL #BollingerBands #TechnicalAnalysis