Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.
5 free bars above the upper channel. This is the perfect setup for Anti reversal trade
Overshooting the upper BB is reversal signal.
Break away gap to the downside trapping longs , lower low. Possibly Short the next rally towards the middle band
Follow up. Their was a trade for the retest of the low but a failure to make a lower low would have been an exit. Very sloppy chart. Any thoughts