Bollinger Bands

1-Used to measure the market’s volatility
2-They act like mini support and resistance levels
3-Bollinger Bounce
. A strategy that relies on the notion that price tends to always return to the middle of the Bollinger Bands
. You buy when the price hits the lower Bollinger band
. You sell when the price hits the upper Bollinger band
. Best used in ranging markets
4- Bollinger Squeeze
. A strategy that is used to catch breakouts early
. When the Bollinger bands “squeeze” the price, it means that the market is very quiet, and a breakout is eminent. Once a breakout occurs, we enter a trade on whatever side the price made its breakout.

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