I was listening to a video that John had posted on YouTube and it that video he mentioned that one should try using of different periods. So I've added a new (the yellow one) and set the period to 50. This creates some interesting technical levels with the 21 and 50 BBs crossing and interacting with each other. For instance, notice how now the 21 and 50 BBs are stacked at the lower end of the range. That makes the 45.50 price are a very interesting target!
The Heikin Ashi chart is confirming that price is range bound and as you can see in the chart below, we've had a green followed by a red . Hopefully we will get more clarification from the Heikin Ashi in the days to come.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.