$FIL 4: The 4-hour Bollinger Bands broke to the downside after compressing for 2 days.
A market turn on the 4-hour chart is mainly driven by short-term capital—moves that come fast often fade fast.
To judge whether investors are really selling, I focus on two things: whether volume is picking up, and whether price can keep closing below the lower band.
Do you buy this signal?
A market turn on the 4-hour chart is mainly driven by short-term capital—moves that come fast often fade fast.
To judge whether investors are really selling, I focus on two things: whether volume is picking up, and whether price can keep closing below the lower band.
Do you buy this signal?