The BB's are based on a 20 SMA and 3x multiples thereof: 20 (green), 60 (blue), 180 (red), 540 (White or Black). They create natural SR levels since they are based on the statistical distance from the SMA.
A BB Cluster is when two or more outer BBs are synchronous... the more the stronger; the higher the TF, the stronger; the longer the chart TF, the stronger.
Good for seeing trend (or not); good for seeing possible SR (support/resistance); good for deciding when to exit (hint... HVS - high volume spike - on a 30 sec chart and price goes outside the bands on whatever TF you are watching... drop all but one and wait for the PB).
Category The Elite Circle
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