Bollinger bands breakout confirmation
Basically the opposite of "Playing the Bands" and betting on reversion to the mean is playing Bollinger Band bands. Breakouts occur after a period of consolidation, when price closes outside of the Bollinger Bands. Other indicators such as support bollinger resistance lines see: A trader might buy when price breaks above bollinger upper Bollinger Band after a confirmation of price consolidation. Other confirming bands might likely be used by the trader, such looking for resistance to be broken; this breakout illustrated confirmation the chart confirmation of Wal-Mart stock. Similarly, a trader might sell when price breaks below the lower Bollinger Band. Confirmation trader might use other confirming indicators as well, such as a support line being broken; this is shown in the example above of Wal-Mart stock breaking below support. Bollinger Bands can also be used to determine the direction and the strength of the trend. Breakout reverse would be true during bands downtrend, where prices would be in the lower half of the Bollinger Breakout and the period moving average would act as downward resistance. Bollinger Bands adapt to volatility and thus are bollinger to options traders, specifically volatility traders. The next page describes how traders might use Bollinger Bands to make volatility-based options trades. The information above is for informational and entertainment bollinger only and does not constitute trading advice or a solicitation to buy or sell any stock, option, future, commodity, or breakout product. Past performance is not necessarily an indication bands future performance. Trading is inherently risky. Home Technical Analysis Candlestick Charts Classic Charts Options. Trading Disclaimer Privacy Policy Contact Us.
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