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RE: Chart analysis with a Bollinger Band, identify potential market tops
Nice post, I use bollinger bands when trading forex and futures to identify extremes like you said for a potential reversion to the means. I also realize what is overbought or oversold can remain that way, so it's interesting that you quantified how long it might stay oversold/overbought...so I will have to pay attention to this in the future.
I think the Bollinger band is one essential tool for traders, it works on all timeframes too. Happy trading!