This is a classic reversal pattern on the Bollinger Bands.
1. Tag the BB
2. Move sideways for a few days
3. Close above the lowest candle to touch the BB
The same pattern set up on the 11/29 drop but price never closed above that candle.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
1. Tag the BB
2. Move sideways for a few days
3. Close above the lowest candle to touch the BB
The same pattern set up on the 11/29 drop but price never closed above that candle.
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
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