Long
Huge move about to happen
Constricting Bollinger bands usually mean a big move is imminent. On the daily, we see constricted Bollinger bands whenever a big move happens. Given current market conditions, an upside move is likely, otherwise we would continue seeing chop.
Not financial advice, dyor.
Not financial advice, dyor.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.