Bollinger Bands Trading Strategy, Simple and Effective!
1. Three lines up, buy at the middle line of the price.
2. Three lines down, sell at the middle line of the price.
3. Three lines flat, buy at the lower line, sell at the upper line.
4. Three lines expanding upwards, if the price is bullish, look for a breakout.
5. Three lines expanding downwards, if the price is bearish, exit quickly.
6. Three lines contracting indicate consolidation, wait and see for direction.