Bollinger Bands - How to interpret Bollinger Bands

Bollinger Bands is a extremely functional indicator. Nothing fancy, simple interpretation and if you couple it with a momentum indicator even better. Points to remember, band get tight then breaks out, when price breaks out of upper or lower band signals reversal, and price above/below bollinger MA represents price is becoming over bought/oversold.
Candlestick AnalysisMoving Averages

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