How can you confirm a breakout after the BOLL bands contract? Take $ARIA 4 hours at present as an example:
✔ The candlestick closes above the upper band at 0.1053
✔ The band width expands significantly from 12.7%
✔ Trading volume increases noticeably
✔ The subsequent pullback holds above the middle band at 0.08538
The 4-hour timeframe is more sensitive, but also noisier, so check it against the daily trend.
✔ The candlestick closes above the upper band at 0.1053
✔ The band width expands significantly from 12.7%
✔ Trading volume increases noticeably
✔ The subsequent pullback holds above the middle band at 0.08538
The 4-hour timeframe is more sensitive, but also noisier, so check it against the daily trend.