pos technical chart

Bollinger Band Squeeze

The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. Once the squeeze play is on, a subsequent band break signal s the start of a new move. A new advance starts with a squeeze and subsequent break above the upper band.
Now we see a squeeze !!! Next Price move UP ( no more sellers left ).