Bollinger Band Price Action in Trending Markets
Bollinger Bands indicator is used to identify & analyze trending markets. In a trending market this indicator clearly shows up or down direction.
Bollinger Bands forex indicator can be used to figure out the direction of the market price trend. In an upward market trend Bollinger Bands indicator will clearly show the direction of the market price trend, it will be heading and moving upward and price will be above middle Bollinger.
In a downward trend the price will be below the middle band the bands will be heading downward.
By observing the Bollinger band trading indicator patterns occurred by Bollingers a indices trader can determine the trend direction in which the market is likely to move.
Bollinger Bands Indicator Patterns and Continuation Signals
Stock Index Upward Trend
- During an upswing, candles will stay within the upper band the central moving average.
- Stock Index Prices that close above the upper band are a sign of bullish continuation signal.
- Stock Index Prices can hug/ride the upper band during an upward trend
Upward Trend Strategy Using Bollinger Bands Stock Index Strategy
Stock Index Downward Trend
- During a down swing, candles will stay within the moving average and the lower band.
- Stock Index Prices that close below the lower band are a sign of bearish continuation signal.
- Stock Index Prices can hug/ride the lower band during an downward trend
Downward Trend Strategy Using Bollinger Bands Stock Index Trade Strategy
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