Mastering Price Reversals
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Questions and Answers

Which of the following best describes the potential price reversals mentioned in the text?

  • A signal of overbought or oversold conditions (correct)
  • A signal of a trend reversal
  • A signal of a trend continuation
  • A signal of a breakout

    • What does it mean when the price moves near or touches the upper band?

  • The price is likely to stay the same
  • The price is likely to continue rising
  • The price is likely to reverse and start falling (correct)
  • The price is likely to experience a breakout

    • What does it mean when the price moves near or touches the lower band?

  • The price is likely to stay the same
  • The price is likely to continue falling (correct)
  • The price is likely to reverse and start rising
  • The price is likely to experience a breakout

    • Which of the following best describes how Bollinger Bands indicate higher volatility?

    <p>The bands widen</p> Signup and view all the answers

    What does it suggest when Bollinger Bands narrow?

    <p>Lower volatility</p> Signup and view all the answers

    What is the main purpose of Bollinger Bands?

    <p>To measure price volatility</p> Signup and view all the answers

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