Mar. 19 at 7:13 PM
$USBC A detailed analysis of what can be seen on the chart. The Bollinger Bands are at
$0.3630. The upper boundary of the Keltner Channel (blue lines) is just below them, at around
$0.3629. The lower boundary is around
$0.3627. The BBs are outside the Keltner Channel. The squeeze has been released, and the market is preparing for an upward impulse. Key market context (The Trap) Here, however, is the most important point: this is not a healthy “calm before the storm.” This is a dead market. Look at the instrument and the volume around the 36-cent price level. Timeframe: 5 minutes; the latest candles are almost zero bars. The entire daily volume is only 115,000 shares—that’s microscopic liquidity for the U.S. market. Why did the Bollinger Bands converge into a line? Because over the last dozen or so candles (more than an hour) on this timeframe, there were no trades at any price other than
$0.3630. There is no volatility because there is no trading. Fake-out.
