Bollinger Bands Introduction: "Bollinger Bands" represent powerful aspects of Support and Resistance. They are, therefore, widely used by traders whose trading style is to buy at Support and sell at Resistance.

General Observations: The Daily Chart above demonstrates how a falling price rarely falls below or closes below its Lower "Bollinger Band".  The Lower "Bollinger Band" from a Daily Chart, therefore, is a significant indication of intraday Support. Likewise, a rising price rarely rises above or closes above its Upper "Bollinger Band".  The Upper "Bollinger Band" from a Daily Chart, therefore, is a significant indication of intraday Resistance. Bollinger Bands can be applied to Weekly Charts and Monthly Charts as well as to Daily Charts. While Bollinger Bands from a Daily Chart are used by short-term traders, bands from a Weekly Chart are used by intermediate-term (swing) traders and bands from a Monthly Chart are used by long-term traders. Bollinger Bands work together with other aspects of Support and Resistance published by the "Support & Resistance Report" to identify areas of Gathering Support (Buy Alerts) and areas of Gathering Resistance (Sell Alerts).

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