after narrowing the band, sudden price changes should be expected the longer the course is traded within the narrow limits of the price channel of the horizontal direction (flat), the stronger will be the way out of it. the direction of the trend is very simple: the price chart is between the middle and upper bands - the trend is upward (bullish), the price is between the middle and lower bands - the trend is downward (bearish).a big space between the upper and lower bands indicates price volatility is high, a small space indicates it is low.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |