Today's market trivia: The daily Bollinger Bands for $SIREN squeezed for about 17 days before breaking above the upper band (0.0277), with bandwidth at 6.21%.
A Bollinger Band squeeze is like holding your breath—you can't tell which way you'll move once you let it out.
Seriously, statistically speaking, the closing price spends most of its time between the upper and lower bands. Moving outside the bands means the price action has gone beyond its recent norm.
Leave some room in your futures positions; don't let one sudden swing knock you out of the trade.
#SIREN
A Bollinger Band squeeze is like holding your breath—you can't tell which way you'll move once you let it out.
Seriously, statistically speaking, the closing price spends most of its time between the upper and lower bands. Moving outside the bands means the price action has gone beyond its recent norm.
Leave some room in your futures positions; don't let one sudden swing knock you out of the trade.
#SIREN