That is the whole idea behind the Bollinger bounce. The reason these bounces occur is because Bollinger Bands act like mini support and resistance levels. The longer the time frame you are in, the stronger these bands are. Many traders have developed systems that thrive on these bounces, and this strategy is best used when the market is ranging and there is no clear trend.
Riding the Bands Strategy is another great interpretation of Bollinger Bands which will keep you in the market to maximize profits. The single biggest mistake that many Bollinger band novices make is that they sell when the price touches the upper band or buy when it reaches the lower band. Bollinger himself stated that a touch of the upper band or lower band does not constitute a Bollinger band signals of buy or sell.
If you want to track price trends by understanding Bollinger bands.
Measuring market volatility.
Maximizing profits in the markets by learning about Riding the Bands Strategy.
Who should attend?Intermediate level traders from the markets across the globe.
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