The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow.
Periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.
Once the squeeze play is on, a subsequent band break signals the start of a new move. A new advance starts with a squeeze and subsequent break above the upper band.
RSI leaves enough room for upside price potential.
Above 600 supports a bullish trend direction.
Periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.
Once the squeeze play is on, a subsequent band break signals the start of a new move. A new advance starts with a squeeze and subsequent break above the upper band.
RSI leaves enough room for upside price potential.
Above 600 supports a bullish trend direction.