Bollinger Band is my favourite
Recently I successfully predicted price reversal for Tesla - recognized a Dragon pattern (W pattern).
I'm using Bollinger Bands (BB) to explain a reversal in share price.
The price fell below its lower band but close near the high for the interval. It should indicate a reversal (price rising) and that I could go long and target the middle band.
I'm new to TA but still find BB easier to use compared to others. I'm learning TA to help me find the right time to trade options.
I'm using Bollinger Bands (BB) to explain a reversal in share price.
The price fell below its lower band but close near the high for the interval. It should indicate a reversal (price rising) and that I could go long and target the middle band.
I'm new to TA but still find BB easier to use compared to others. I'm learning TA to help me find the right time to trade options.
Thanks Moomoo for the resources as I find it very useful. TA challenge provides a platform for me to learn from the expert. $Tesla (TSLA.US)$
Moomoo resources:
How to recognize patterns with Bollinger Bands like a pro?
How to recognize patterns with Bollinger Bands like a pro?
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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gas 1126 : moomoo really has a lot of learning resources
alsmoov : I am also new to TA, learn together ~
romancer : that counter-trend trading requires far larger margins of error, as trends will often make several attempts at continuation before reversing.
kat kukuuu : Perhaps a more useful way to trade with Bollinger Bands® is to use them to gauge trends.
NANA123 : this video is helpful too! Bollinger Bands
101571545 alsmoov : How long has it been since your friend entered the market?
jode : What does the blue line below mean?
韭菜盒子丶 济沧海 : Misunderstood. The trend came out in 197; you can only wait after 200 to go long