This is an example for a Bear 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.
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