All investors know the important role of Bollinger Bands, which can be used to determine the buying and selling points, but the weakness of Bollinger Bands also exists at the same time, and their weakness is the need to filter and identify entry and exit points.
Solving this problem is actually very simple, and with this method, WeTrade can easily solve it.
The simplest solution to the first problem is a Bollinger filter, which can be used with a simple setup.
But to solve the second problem – determining the entry and exit points – WeTrade thinks it's a bit more complicated than the first one, but in most cases, it's just a matter of finding the shape. A pattern is a pattern formed by a market movement or a series of such movements. They are easily recognizable in the charts. At the same time, for a better understanding, WeTrade recommends beginners to use Bollinger Bands. They eliminate small market fluctuations and make it possible to focus only on major reversals. Usually, the pattern precedes the reversal or is part of the trend reversal itself.
The shape is also very simple, it is the most common shape - w and m, and the space is limited, and we will share and discuss it in the next article!Are there 2 weaknesses of Bollinger Bands, which can be easily solved.