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Commodities · indicator signal

Bollinger breakout down on Gold

On Gold the bollinger breakout down showed up 22 times. The target came first 45% of the time, the stop 45%, and 9% went nowhere within 12 candles.

Counted on Gold futures: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily933%44%22%
Hourly1354%46%0%

Gold against the rest

ChartsFoundTarget firstStop firstWent nowhere
Gold2245%45%9%
All Commodities charts8631%63%6%
Every market11,44941%56%3%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bollinger breakout down is

After a tight squeeze, price closed below the lower band.

Squeeze a spring tight and it can jump in any direction when you let go. Bollinger Bands squeeze close together when prices are calm. After a tight squeeze, a close below the bottom band is like the spring snapping downward.

The full bollinger breakout down lesson, video and quiz ›

Other patterns on Gold

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · MACD bearish cross · Doji · RSI overbought drop · Volume profile bounce · Volume profile rejection · EMA 9/21 bearish cross · all of them

The bollinger breakout down elsewhere

Silver · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the bollinger breakout down work on Gold?

In 22 cases on Gold, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 45%; 9% went nowhere within 12 candles.

What is the bollinger breakout down?

After a tight squeeze, price closed below the lower band.