New 2W close and the volatility index (BBW) luckily rejected from the diagonal.
I'm saying luckily because if it broke out here, we'd be going to Hades as it would expand in the opposite direction, riding the lower Bollinger band. BBW is Bollinger Bands Width, so wide Bollinger bands would only be acceptable if it is to the upside and the BBW should start curving up only when we're at the upper side of the Bollinger Bands, 40% above from here.
So patience and volatility will get released.
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New 2W close and the volatility index (BBW) luckily rejected from the diagonal.
I'm saying luckily because if it broke out here, we'd be going to Hades as it would expand in the opposite direction, riding the lower Bollinger band.
BBW is Bollinger Bands Width, so wide Bollinger bands would only be acceptable if it is to the upside and the BBW should start curving up only when we're at the upper side of the Bollinger Bands, 40% above from here.
So patience and volatility will get released.