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  1. #1
    Active Member Kilo's Avatar

    Bollinger shows over-bought I believe !!!

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    Looking at bollinger bands, this looks like its been over-bought so I think the price will fall within the next 30M or so.  I might be wrong.  Just shooting in the dark right now but I am going for a put for 30M to see if im right.
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  2. #2
    Active Member Ronye's Avatar
    It shows volatility. Overbought and oversold is measured better by RSI and Stochastic not Bolinger Bands

  3. #3
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Ronye View Post
    It shows volatility. Overbought and oversold is measured better by RSI and Stochastic not Bolinger Bands
    good answer, I was just about to say that I don't think BB measure ob/os... but they can indicate extremes, similar but not the same. And anyway, ob/os are not signals to sell, they are merely indications of market health, a trending market can remain ob/os indefinitely.

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