Bollinger Bands Oil Trading Trend Reversals

A trader should wait for the crude oil price to turn in the opposite direction after touching one of the oil trading Bollinger bands before considering that a oil trading reversal is happening.

Even better a trader should see the crude oil price cross over the moving average.

Double Bottom Oil Trading Trend Reversals

A double bottoms is a buy oil signal set-up. Double top forms when crude oil price action penetrates the lower Bollinger band then rebounds forming the first crude oil price low, then after a while another crude oil price low is formed, & this time it's above the lower Bollinger band.

The second crude oil price low must not be lower than the first one and it important is that the second crude oil price low does not touch or penetrate the lower Bollinger band. This bullish crude oil trading setup is confirmed when the crude oil price action moves and closes above the middle band (simple moving average).

Double Bottom - Bollinger Bands Oil Trading Trend Reversals Trading Strategy Using Double Bottoms Oil Trading Chart Patterns

Double Top Oil Trading Trend Reversals

A double top is a sell oil signal set-up. Double top forms when crude oil price action penetrates the upper Bollinger band then rebounds down forming the first crude oil price high., then after a while another crude oil price high is formed, & this time it is below the upper Bollinger band.

The second crude oil price high must not be higher than the first one and it important is that the second crude oil price high does not touch or penetrate the upper Bollinger band. This bearish crude oil trading setup is confirmed when the crude oil price action moves and closes below the middle band (simple moving average).

Double Top - Bollinger Bands Oil Trading Trend Reversals Trading Strategy Using Double Tops Oil Trading Chart Patterns