Comment on Indicators (Part 2)

Faisal Mohammed commented on 08 Jan 2018, 02:18 PM

1.Once the stock crosses the upper/lower band, it forms an envelope expansion, it is more likely to continue with the trend it is in and unlikely to fall back to the mean. Average True Range bands work almost like BB and essentially can be taken as a Buy/Sell signal once the stock crosses the bands
2. The reason not a lot of trend continuation patterns are covered as don’t help in picking a trade, however, you could use S&R and moving averages to identify the strength of a continuing trend

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