$MAGMA 4-hour Bollinger Bands: After consolidating for 2 days, it broke above the upper band at 0.2922.
Roommate: So what happens next?
Me: It might ride the upper band all the way up, it might be a false breakout, or it might pull back to the middle band first and then move.
Roommate: That basically covers every possibility.
Me: Exactly. That’s why I’m never wrong.
Sound off in the comments: did you miss the rally, or are you stuck holding the bag?
Roommate: So what happens next?
Me: It might ride the upper band all the way up, it might be a false breakout, or it might pull back to the middle band first and then move.
Roommate: That basically covers every possibility.
Me: Exactly. That’s why I’m never wrong.
Sound off in the comments: did you miss the rally, or are you stuck holding the bag?