I follow the strategy called BBMA. Which is abbreviated for " Bollinger Band and Moving Average. " Here you can see the boxes I have highlighted as possible entry points for the mirrored side. When I say the mirrored side, I'm meaning the other side of the M. BBMA is an amazing strategy to help you find the patterns known as, " M's, W's, and Head and Shoulders . " In the picture you can see a clear M pattern being formed with the help of BBMA. Please feel free to give your opinion/ idea. I would love to hear yalls thoughts on this.
The red, green, and yellow horizontal lines are probably confusing you. I have created my own strategy within the BBMA itself as a street light. For example, Red is stop, Yellow is be cautious, and Green is obviously go. They are mainly used for entries. I tend to use them sometimes as pivot points. You can also see the head and shoulders pattern that I've drawn out for you.
The red, green, and yellow horizontal lines are probably confusing you. I have created my own strategy within the BBMA itself as a street light. For example, Red is stop, Yellow is be cautious, and Green is obviously go. They are mainly used for entries. I tend to use them sometimes as pivot points. You can also see the head and shoulders pattern that I've drawn out for you.
Trade active:
Here is a deeper dive into the hour time frame, looking through the 15 minute. A lot of consolidation but I am hoping that the bulls reign tonight!!!!
