๐ $SIREN The daily Bollinger Bands had been squeezed for 17 days, then broke upward ๐ฅ
Take a couple of seconds to stay calm and understand the Bollinger Bands before jumping in ๐
The middle band is actually the 20-period moving average. Many people use it as a reference for short-term strength: prices above the middle band are relatively strong, while prices below it are considered weak.
The same data can mean completely different things in different market conditions, so donโt blindly apply a rule of thumb.
#SIREN
Take a couple of seconds to stay calm and understand the Bollinger Bands before jumping in ๐
The middle band is actually the 20-period moving average. Many people use it as a reference for short-term strength: prices above the middle band are relatively strong, while prices below it are considered weak.
The same data can mean completely different things in different market conditions, so donโt blindly apply a rule of thumb.
#SIREN