Tuesday, March 23, 2010

Case study .. Bollinger Band buy signal


1. Bollinger band widens
2. Candle sticks hugs the lower envelop as it declines
3. The buy signal is the doji and confirm by the RSI cutting above the oversold line
 4. Sell signal is triggered by the price hitting the upper envelop and confirm by the RSI hitting the overbought line.

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