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Practical Bollinger Bands Trading New Pocket Phrases
Pocket Phrase One: When the three Bollinger lines move up together, a pullback to the middle band can be a low-buy (go long) opportunity; when price touches the upper band, take profit quickly.
Pocket Phrase Two: When the three Bollinger lines move down together, when price reaches the lower band, try longs with a light position; during a rebound, exit decisively at the middle band.
Pocket Phrase Three: When the three Bollinger lines go sideways and flatten out, place long orders near the lower band; when the upper band faces pressure, take profits and be safe.
Pocket Phrase Four: When the three lines open and diverge downward, bearish momentum keeps strengthening; do not blindly bottom-fish and go long.
Pocket Phrase Five: When the three lines open and expand upward, the bullish market is about to break out; follow the trend to catch the main breakout move.
Pocket Phrase Six: When the three lines gradually converge and narrow, a turning point is imminent; stay in cash and wait patiently for the choice of the next move.
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