Sunday, 14 February 2021

Prime Number Bands

1- Trend analysis: 

Higher prime numbers mean we are in an uptrend. When the bands are moving upward direction, the market has a Bullish Direction. 

Lower and lower prime numbers mean we are in a downtrend. (If the bands are moving Downward direction) 

2- Volatility: 

Narrower bands mean stock price is less volatile. 

Wider bands indicate share price is volatile. 

3- Signals:

 In an uptrend look for a spike down in prime band for a long position entry.

 In a downtrend look for a spike up in a prime band for a short position entry.(Not my favourite scenario, though!)

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