This is a classic reversal pattern on the Bollinger Bands.
1. Tag the BB
2. Move sideways for a few days
3. Close above the lowest candle to touch the BB
The same pattern set up on the 11/29 drop but price never closed above that candle.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
1. Tag the BB
2. Move sideways for a few days
3. Close above the lowest candle to touch the BB
The same pattern set up on the 11/29 drop but price never closed above that candle.
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
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.
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.