Here is a perspective to consider using Bollinger Bands as an indicator.
Areas of importance:
- Notice the massive weekly hidden bull divergence between price and BB width (green line)
- Hidden divergence is a signaling of trend continuation; in this case, up.
- Last time the BB Width broke over 0 line we made a strong bullish move (orange box)
- BB Width is moving off of one its lowest points historically.
Expect continuation of upwards movement.
Areas of importance:
- Notice the massive weekly hidden bull divergence between price and BB width (green line)
- Hidden divergence is a signaling of trend continuation; in this case, up.
- Last time the BB Width broke over 0 line we made a strong bullish move (orange box)
- BB Width is moving off of one its lowest points historically.
Expect continuation of upwards movement.
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