Just a quick chat: $SIREN has been trading in such a tight range on the daily chart for the past 17 days that I almost stopped checking it. Then, just now, it broke above the upper band.
My take on Bollinger Band squeezes: they’re like a tightly compressed spring—the longer it’s compressed, the more forcefully it tends to release. But there’s no way to know in advance which direction it’ll bounce. I usually don’t place a bet on the direction beforehand; I wait for the move to happen and then see.
Let’s chat in the comments 👇
My take on Bollinger Band squeezes: they’re like a tightly compressed spring—the longer it’s compressed, the more forcefully it tends to release. But there’s no way to know in advance which direction it’ll bounce. I usually don’t place a bet on the direction beforehand; I wait for the move to happen and then see.
Let’s chat in the comments 👇