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I am wary about trading against a move outside my Neutral Zone. But after a TL break, the market will often reverse and using the 3Min Bolli is a great way to get into a reversal trade.
When to trade a 3Min Bolli against a KL or TL break
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If the market hasn’t done much with the TL break, is respecting levels and the BB is horizontal(ish) and the trade is the direction of the overall trend.
Here’s a perfect example of this setup:
Here’s another example. After a strong push up ON and strong buying at the open, the market reverses at the confluence of three levels: CBOL, R1 and two fib levels. By the time the market hit the level, the first impulse was over and the Bolli Bands had moved away from price, making it a perfect 3Min Bolli setup.
