Slick. I posted a chart about a week ago with my Bolly rainbow...

Slick. I posted a chart about a week ago with my Bolly rainbow on it. Not sure if anyone saw it or picked up on one of my methods. But the outer bands past dev 2 are a great indicator of reversals. I also have trend lines on the charts and fibs which can be ignored but which I use for confluence.

it’s a busy chart but I find it useful. I also do two bolly bands on rsi and I find this just as useful for reversals if not more. It gives a good idea if rsi is actually high by traditional measures or if it’s within expectations in the trend.

each symbol has its own behaviour and so too the indexes and fx but they are actually pretty consistent in their own behaviour. Equities and FX tend to be more extreme but indexes rarely break the blue bolly (2 standard devs )

You just need to have the patience to wait for an an “extreme” event and then a mean reversion play is on.

can be used on multiple timeframes too as long as you understand what is standard price action in each timeframe and symbol.

Anyway I don’t post much but I hope someone finds this useful.