How can you confirm a reversal in the Bollinger Bands? Take the current $AGT 4-hour timeframe as an example:
The closing price is above the upper band at 0.03755
The band width starts expanding from 23.1%
Trading volume rises at the same time
Then the price retests the middle band at 0.02613 without breaking below it
The 4-hour timeframe reacts quickly, but it also produces many false signals, so consider the daily trend.
Don’t take this as investment advice.
The closing price is above the upper band at 0.03755
The band width starts expanding from 23.1%
Trading volume rises at the same time
Then the price retests the middle band at 0.02613 without breaking below it
The 4-hour timeframe reacts quickly, but it also produces many false signals, so consider the daily trend.
Don’t take this as investment advice.
