Bollinger bands breakout with shooting star on weekly timeframe (similar bearish breakout already confirmed on the daily).
BB are going wider after squeeze = increased volatility ahead = potential sharp reversal.
BB are going wider after squeeze = increased volatility ahead = potential sharp reversal.
Note
Unbroken downtrend resistance on the monthly, current CS still below Bollinger middle band:
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.