Bollinger Bands are useful for several reasons

There are no dumb questions in trading, we’re all students. Bollinger Bands are useful for several reasons:

1. Volatility Measurement📊: When bands widen during high volatility.

2. Trend Identification📈: They help identify trend direction based on price movement relative to the bands.

3. Overbought/Oversold Signals ⚖️: Prices at the upper band suggest overbought conditions, while the lower band indicates oversold. I use this a lot.

If I see many likes 💚I’ll be happy to post educational tweets, I’ve seen technical questions this weekend, happy to help.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $SPDR Dow Jones Industrial Average ETF Trust(DIA)$

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