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S&P 500 with 20-day, two-standard-deviation Bollinger Bands, %b and bandwidth. Bollinger Bands (/ ˈ b ɒ l ɪ n dʒ ər /) are a type of statistical chart characterizing the prices and volatility over time of a financial instrument or commodity, using a formulaic method propounded by John Bollinger in the 1980s.
"Other traders sell short when price breaks above the upper Bollinger Band and settles the short position (or buys the long position to close out the short position) when price falls below the lower Bollinger Band. And yet other traders will just ride the price movements all through the band from the bottom of the band to the top."
This methodology assumes that harmonic patterns or cycles, like many patterns and cycles in life, continually repeat. The key is to identify these patterns and to enter or to exit a position based upon a high degree of probability that the same historic price action will occur. Below is a list of commonly used harmonic patterns: Bat; Butterfly ...
Continue reading → The post What Is a Bollinger Band? appeared first on SmartAsset Blog. The former focuses on the financial health of a company while the latter focuses on how the company’s ...
Most of the rules that are applied in the formation of the triple top can be reversed in the formation of triple bottom. As far as volume is concerned, the third low bottom should be on low volume and the rally up from that bottom should show a marked increase in activity. The formation of Triple bottom occurs during the period of accumulation.
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The Dow Jones Industrial Average hit a bottom at 1,738.74 on October 19, 1987, following a decline from 2,722.41 on August 25, 1987. This day is commonly referred to as Black Monday (chart [22]). A bottom of 7,286.27 was reached on the DJIA on October 9, 2002, following a decline from 11,722.98 on January 14, 2000.