Honestly, $UNI has been moving sideways on the daily chart for 17 days, to the point where I almost don't want to look at it anymore. I didn't expect it to just break below the lower band.
The way I see it, a Bollinger Band squeeze is like a compressed spring: the longer it's compressed, the more forcefully it tends to bounce back. But no one can know in advance which way the spring will bounce. I usually don't bet on a direction beforehand—I wait for the move to play out and then follow it.
What do you make of this?
The way I see it, a Bollinger Band squeeze is like a compressed spring: the longer it's compressed, the more forcefully it tends to bounce back. But no one can know in advance which way the spring will bounce. I usually don't bet on a direction beforehand—I wait for the move to play out and then follow it.
What do you make of this?