Bully also belongs to the category of band-type indicators that reveal the market’s lower boundaries. In other words, when the market initiates a decline, this indicator provides insights into potential levels of descent.Its name itself implies that when the market reaches this band, an opportunity to buy may arise. Furthermore, when the market enters the buying zone, we can also incorporate basic candlestick patterns to make informed entry decisions. As highlighted in the image by the yellow arrow, whenever a candle in a declining market goes below and closes beyond this particular band, it signals a significant drop or selling activity in that segment. In essence, this indicative AI allows us to capitalize on both buying and selling advantages based on prevailing market conditions. The recommended time frame for its application is 30 minutes and beyond.No specific rules, simply trade on signals.
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Author's instructions
″Use it for finding out the reversal of market and finding chance to enter in the market.
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