Bollinger Bands® are highly technical tools that give traders an idea of where the market is moving based on prices. It involves the use of three bands—one for. Now, using our Bollinger Band® application on the chart, we see that the imminent test of the support level coincides with the lower band. This is a great buy. All options traders are aware of the importance of volatility, and Bollinger bands are a popular way to measure volatility. The bands expand as volatility.
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