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TA Challenge: Breakout? Reversals? How to use Bollinger Bands?
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Are you ready to add Bollinger Bands to your TA toolbox?

The first TA Challenge illustrates how MA, MACD, EMA, and DMI assist us in better identifying market trends. Today, we'd like to introduce the second tool, Bollinger Bands (BB), to help you make better predictions on the price of an asset and evaluate overbought/oversold conditions.
Have you ever encountered a similar situation as follows?
Are you ready to add Bollinger Bands to your TA toolbox?
This challenge contains 3 parts that can help you evolve from beginner to expert:
● Basic Concepts & Usage of Bollinger Bands
● Different Patterns of Bollinger Bands
● Price Action Evaluation with Bollinger Bands
After learning the indicator, don't forget to post your learning results in the discussion: TA Challenge: Breakout? Reversals? How to use Bollinger Bands? You may receive some friendly advice and sincere appreciation from your fellow mooers.

Can I find the Bollinger Bands indicator on moomoo? Off course. Let's take a look. Don't forget to select a specific stock first.
Are you ready to add Bollinger Bands to your TA toolbox?
Rewards:
1. USD 10 Stock Cash Coupon
We will select 6 winners of the featured posts regarding quality, originality, indicators, charts, and user engagement. Posts with video content are preferred!
*What's stock cash coupon: https://www.moomoo.com/support/topic527
2. 88 Points
Posts with a minimum of 20 words & analytical charts will be rewarded with 88 points.
*The above rewards are mutually exclusive.
Duration: Now – Apr 17, 2022 11:59 PM SGT
T&C:https://www.moomoo.com/support/topic577
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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  • DipAndRip : Love using Bollinger bands.  So easy to see when to buy or sell. Also take a look at Heiken Ashi candle sticks

  • steady Pom pipi : [undefined][undefined][undefined]

  • PlutoMoo102685100 : [undefined]money

  • 阿姚朋友 : The golden fork after the Lord's rise and fall is a backlash. Other people are rushing to buy it; we have to run away quickly. What's the point of this tip? Often, we see that after a stock continues to soar from the main upward trend, the stock price may be able to hit a new high later after a volatile pullback, but after the gold fork appeared at this time, the MACD indicator was often unable to reach a new high. In this way, although the stock price was able to reach a slightly new high, the MACD could not reach a new high at all after the high level of the second gold fork. This formed a divergence between the stock price and the MACD at a relatively high level, and then the stock price began to fluctuate and weaken, or even fall rapidly. This is a very practical way to avoid risk.

  • 103047546 : To find the bottom, you have to write above the zero axis. Especially when you draw back to the zero axis, you can dare to buy it. Why? Because generally speaking, when the two lines have zero axes, there may have just been a reversal of the trend, but there will be no immediate sharp rise in the market. Once the first dead end appears after the zero axis on the two lines, the subsequent stock price pullback and the pullback is quite intense, bringing the two lines close to the zero axis. The golden fork that reappears at this time is a gold fork that is close to the zero axis above the zero axis. This kind of golden fork is often the best starting point for the three waves, because the second wave pullback is deep enough, and often the three waves behind us will be more powerful and sustainable, so that our profit can be exploited for the maximum profit in the third wave Translate

  • 71637365 DipAndRip : C .

  • David W Clark : So I had seen the Bollinger Bands post for using it and didn't think much about it as I had never heard of it before.  So seeing the TA challenge about it.  I opened the post and starting reading the challenge and then saw the original post and information challenge and opened it too.  reading it and where the Bollinger Bands information is located in stocks watching/researching, I went and tried it.  Attached is a screenshot of a stock with only BB turned on.  It does a nice job of showing a stocks price in the High, Mid and Low rangers for a selected length of time.

    If I did this right, you can easily see in the picture those 3 lines of prices.

  • Jackosen : bollinger bands are easy to use and gauge whether the price is above or below the curve. but of course need to analyse with other tools as well to get a better judgement.

  • cola1010 : Bollinger Bands are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price. Basically Bollinger bands help determine whether prices are high or low on a relative basics.

  • momo8888 : Bollinger bands help determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower bands and in conjunction with a moving average. Further, the pair of bands is not intended to be used on its own. Use the pair to confirm signals given with other indicators.

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