Bollinger Bands (BB)

Bollinger Bands (BB) are a widely popular technical analysis instrument created by John Bollinger in the early 1980’s. Bollinger Bands consist of a band of three lines which are plotted in relation to security prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (The type of trend line and period can be changed by the trader; however a 20 day moving average is by far the most popular). The SMA then serves as a base for the Upper and Lower Bands. The Upper and Lower Bands are used as a way to measure volatility by observing the relationship between the Bands and price. Typically the Upper and Lower Bands are set to two standard deviations away from the SMA (The Middle Line); however the number of standard deviations can also be adjusted by the trader.

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chartwatchers chartwatchers PRO XAUUSD, W, Long , 10 hours ago
XAUUSD: GOLD - Santa's bottom
1009 13 39
GOLD - Santa's bottom
It's interesting to notice how gold bottomed before Christmas in the last few years before the New Years Rally . I highlighted by green the New Year's rallies. Red arrows are showing the lows. In 2013 : Dec.31. was the bottom and we had a 200$ rally in 2014 Jan-Feb In 2014 : Nov.17. was the bottom and we printed a ...
chartwatchers chartwatchers PRO DXY, 240, Short , 11 hours ago
DXY: DXY -  Head and shoulders
320 4 17
DXY, 240 Short
DXY - Head and shoulders
The megaphone pattern is still in play. On Friday we broke below 100.73 : we are back into the megaphone so there is still a good chance that this was a failed breakout. During the last 2 weeks we printed a H&S pattern and we are breaking down the pattern. The first level we could tag very soon - if the breakdown ...
Zohaib_Malik Zohaib_Malik BTCUSD, D, 9 hours ago
193 1 8
BTCUSD in a daily corrective structure for more upside Currently it is making a B wave to the top which is very corrective.. Look for he breakout of the up trend for sell setups.. Look in 60m or 240m for breakout and flag to sell... It will be a nice sell setup.. Thank you Keep following and support
FoggyLights FoggyLights NAS100, 240, 21 hours ago
NAS100: NAS100: Intra-day levels in case of upthrust (4 hr)
28 2 6
NAS100, 240
NAS100: Intra-day levels in case of upthrust (4 hr)
These are the levels I'll be watching should we have an upthrust after the referendum in Italy (critical pivots, middle BB, 100 ema). Technically, my bias is to the upside, but abandoning the ship is always an option.
6.1.8.Family 6.1.8.Family GBPAUD, 240, Short , 14 hours ago
GBPAUD: A Possible Correction Of The Entire Wave Up?
37 1 5
GBPAUD, 240 Short
A Possible Correction Of The Entire Wave Up?
Price has made 3 legs up ( leg 1, leg 2 & leg 3 ). So is it time for a correction of the entire wave up before the bulls come dominating again? What is not clear is if that's the end leg 3. However, if price breaks the mini trendline and holds, that could be the beginning of the correction. On the contrary, if ...
thenry thenry PRO XAUUSD, D, Short , 18 hours ago
XAUUSD: A Correction Upwards Before The Bears Return
103 0 7
A Correction Upwards Before The Bears Return
Currently looking at a correction upwards to the 1200.00 area. After this another move down. Believe we are in a complex correction downwards. Looking for a large "B" wave down (Not complete yet) Many oppurtunities for taking some Pips. Once the "A" wave is complete we should see a major retracement for the "B" ...
PietroCasoar PietroCasoar PRO USDJPY, 240, Short , 16 hours ago
86 0 6
USDJPY, 240 Short
It seems that this pair has just completed wave X and is now on a wave Y downwards to a 0.382 fibonacci/retracement, IF the price actions breaks structure. If the price action does not break structure, then the structure of the wave count will be changed and I will re-analyse it again for the next entry. SMA ...
austinchan austinchan PRO XAUUSD, W, a day ago
XAUUSD: XAUUSD idea for the next year
161 0 6
XAUUSD idea for the next year
AB-CD pattern on the weekly, details on chart. Although the 1172 level was breached the past week, the weekly candle managed to close above it, which is a good sign for bulls. This week's candle was also a doji, citing indecision and lower selling volume. Historically, there has been support/resistance around ...
DianKemala DianKemala EURUSD, W, a day ago
117 1 6
EURUSD 05 December 2016 CORRECTION
EURUSD 05 December 2016 As we can see EURUSD already reach descending triangle support level, small correction as uptrend will happen this week, before it reach biggest downtrend target at 2001 and 2002 support level. To find out the best sell position, stoploss and profit target, we need to look deep technical ...
captain_smollett captain_smollett PRO XLF, W, Short , 8 hours ago
XLF: XLF. Welcome to hell!
23 0 5
XLF, W Short
XLF. Welcome to hell!
I will try to call a multi-year top on the XLF fund. Will short from 25, targeting... Probably, 12. But my main question is: was the whole movement from 2009 to now a wave 1 or it was a B and we still wil see a Wave C? If that was a B, then we can probably say: welcome to hell, banks! Hope you enjoy your stay here
YongLiang YongLiang EURJPY, D, 14 hours ago
21 0 5
We have 2 options for this trade: Plan A: Waiting for 1-2 more bearish signals to short High Risk to Reward Ratio Plan B: Continue with the trend The price breaks the resistance zone, wait for pullback and go for long :)
TAS TAS TOP USDCNY, 240, Short , 11 hours ago
USDCNY: USDCNY short setup for corrective move
18 0 5
USDCNY, 240 Short
USDCNY short setup for corrective move
SETUP - Best entry would be at B at the retest of the break of the dashed line. But for that you need to wait. It looks action is going down to A, I'll update as It goes along.
PietroCasoar PietroCasoar PRO AUDNZD, 240, Short , 17 hours ago
17 0 5
AUDNZD, 240 Short
It seems we have a clear SELL (SHORT) setup on this pair, with an abcde triangle formed and now we are waiting for the drop, break of structure (outside the triangle) for confirmation. SMA shows clear bearish trend on 4Hourly and I've forecast an impulse on the way down now from the triangle, at least until the ...
AbhishekHSinghCMT AbhishekHSinghCMT PRO USDJPY, 240, Short , 3 hours ago
USDJPY: USDJPY- Below 113.35- C-Wave Down of Expanded Flat
125 0 3
USDJPY, 240 Short
USDJPY- Below 113.35- C-Wave Down of Expanded Flat
Likely a trap where this 4th wave in UJ travelled beyond its 3rd wave high & happens only in irregular correction which is the present case. Shall be looking for 38.2% retracement of 2-3 wave distance which comes in the zone 108.80- 108.90 One thing to be taken care of that it should sustain below 113.35 mark- ...
Monk Monk ABX, M, Long , 20 hours ago
ABX: ABX, GDX, Gold long
54 0 3
ABX, M Long
ABX, GDX, Gold long
Regardless of EW count, the new leg up looks impulsive thus far so looking to go long... just need to work out when this (assumed) correction (b wave?) has finished.
jd5584 jd5584 ES1!, 60, a day ago
ES1!: Food For Thought
17 0 3
ES1!, 60
Food For Thought
At end of July, beginning of August, the market put in a similar move that broke below weekly support, only to find the upward sloping moving average below. There are some differences though. NQ (Nasdaq) not cooperating and TF (Russell) is in a very precarious position at the top of its channel after a blow off ...
mikeoakster mikeoakster SPX, M, a day ago
SPX: Monthly update... scary!
78 0 3
Monthly update... scary!
In this monthly analysis, I've determined the EW pivots based on the way I use the channelling technique. Observations: a) In terms of price, Primary wave 5 (green) = Primary wave 1 = 0.382 x Primary wave 1 to 3. b) In terms of time, Primary wave 5 = Primary wave 1. In terms of time, the target is March ...
cguthrie922 cguthrie922 PRO CRM, D, Short , 19 hours ago
13 0 3
CRM, D Short
For the second trading day in a row, another historical indicator points to continued decline for CRM. Historically when TSI breaks below this level, the stock drops at least 1.05%, with an average of 2.37%. There are two long term support trendlines and the nearest is around 65.30. A conservative drop to around ...
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