One of the clues that you can look for, and it is hindsight, otherwise I'd be a lot richer, is a ringed candle.
A ringed candle by itself can be can misleading, but, a ringed candle appearing on, or near a lower bollinger touch, is a ringed candle to watch for. You can see it best with candles, which, is what we are using in the Chart List.
So in your own chart, switch to the candle view, and take a closer look at the candles on the bounces off the lower bollinger.
A ringed candle in a three(3)candle group is the middle candle.
The candles on either side of the ringed candle have a higher low than the middle candle.
The middle candle has the lowest low.
Place this candle on the lower bollinger, and it is a hot buy signal in a bully market, or an up trending price.
Ringed candles also mark areas of support for testing on down swings later in the uptrend.
If the trend is down, or a price is skidding down a lower bollinger, then beware, a ringed candle is likely meaningless until you reach a price level that a previous ringed candle on a lower bollinger touch has marked as a support level.
For evaluating a fresh ringed candle touching a lower bollinger, the price must be at least ranging, or trending up to trust ringed candles on price down moves making a lower bollinger touch within the ranging or rising trend!
GLTA Lostoutwest
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