📚 Quick Info – What is the Bollinger Bands Indicator?

The Bollinger Bands indicator is one of the most famous technical analysis tools and consists of:

1️⃣ A moving average line (MA).

2️⃣ An upper line representing resistance.

3️⃣ A lower line representing support.

🔹 Benefit: It helps the trader know whether the price is in a state of overbought or oversold.

🔹 Example: If the price touches the upper line → it may indicate overbought 📈, and if it touches the lower line → it may indicate oversold 📉.

💡 Using it with RSI and MACD provides more accurate signals.

Have you tried using Bollinger Bands in your trades? 🤔

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