Technical Note | $SIREN | Daily Bollinger Bands | Upside breakout after a 17-day squeeze
Definition: A squeeze indicates that price fluctuations have narrowed during this period and that the bulls and bears are temporarily balanced. It simply means volatility is low; it does not indicate direction.
Common interpretation: In a one-way trend, prices often track along one side of the band. Going against the trend every time price touches a band can easily lead to losses.
Learning to read indicators isn’t difficult; the hard part is sticking to the rules when emotions are running highest.
Definition: A squeeze indicates that price fluctuations have narrowed during this period and that the bulls and bears are temporarily balanced. It simply means volatility is low; it does not indicate direction.
Common interpretation: In a one-way trend, prices often track along one side of the band. Going against the trend every time price touches a band can easily lead to losses.
Learning to read indicators isn’t difficult; the hard part is sticking to the rules when emotions are running highest.