When a price goes to oversold/overbought levels as indicated by the Bollinger Band, one must them look at the Band Width. When this indicator is rising, it shows that price is stronger than the average. My rule of thumb is to stay positioned in the direction of the trend until this number reverses.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.