Tuesday, March 16, 2010

Test of Upper Bollinger Band

Another view I have been experimenting with. 1 day candlestick with bollinger bands set at 20,2.

Notice each time the upper end of the BB has been breached, it has followed up with a break of the midline support.

The test is merely the signal though, and as I am learning it doesnt have to be followed by a breach immediately. I am using elliott wave in conjunction with this signal to determine the best entry points.
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