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BB Contraction Setup.

Bollinger Bands are made up of three lines: a middle band, an upper band, and a lower band. The middle band is a simple moving average (SMA) of the asset price, and the upper and lower bands are set a certain number of standard deviations above and below the middle band.
How they work

The width of the bands indicates the level of volatility, with narrower bands indicating less volatility and wider bands indicating higher volatility. (I’m not SEBI registered, and not providing any tips, whatever I teach is based on my experience. If you use it please do at your own risk)