$AGT 4-hourly breakout above the upper Bollinger Band. Let’s talk about a very common misconception:
Many people take a break above the upper band as a sell signal. In fact, early in a breakout after the bands have narrowed, it’s very common for the price to track along the upper band. At this point, the upper band is more a sign of strength than a ceiling. What you should really watch for is the price falling back inside the bands and breaking below the middle band at 0.02613.
The next few candlesticks after a signal appears are more convincing than the signal itself.
Many people take a break above the upper band as a sell signal. In fact, early in a breakout after the bands have narrowed, it’s very common for the price to track along the upper band. At this point, the upper band is more a sign of strength than a ceiling. What you should really watch for is the price falling back inside the bands and breaking below the middle band at 0.02613.
The next few candlesticks after a signal appears are more convincing than the signal itself.
