Bollinger Bands Basic
Take notice of the following notes:
To give market a sense of
a) Ranging
b) Trending
c) Breakout
For ranging, definitely there will be a support and resistance line.
For trending, it will move above or below the support and resistance line, marking a newly form of ranging trend.
For Breakout, it will form a new support and resistance line as well. But this time, it is larger than trending. However, it will form a ranging trend also.
By dividing it with three sessions you would have at least two ranging, form by the support and resistance line.



































