Disliked{quote} here my take on BB, i believe your entries were inside the red square.... so: A - Bar closed outside BB, BB are expanding. This is a moment bar, but bottom is shaved. some would scalp long here. I would let develop a bit to see when "momentum" is over. B - Bar that opens and close outside BB. This usually means that momentum isn't over. (in this case bulls didn't had strength to push price back up). From C to D, price "refuses" to close outside BB. "momentum" is drying. F - Refuses to make a lower low. Bear weakness. A light support is made...Ignored
I really appreciate that -- I will read this every day!
Could you potentially advise what you consider the market to do now? I'm trying to figure out when to close this trade now and at what loss.