This is an example for a Bull Market Breakout with Bollinger Band analysis.
The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.
Thanks for your attention. Trade with caution.
Comment
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Do you also use this strategy? Tell me the timeframe you use on this indicator.
Amazing bias, do you think the price will reach your target?
ShawnMCR
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@Investroyllc, Hello and thank you for you comment.
As you see this is only an educational post and I haven't set any targets for it. this is a throwback on how the breakout happened explained by the Bollinger strategy.