Bearish harami candle contract rollover
Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. Bearish Harami. Atlantic Publishing Group. Because it is the norm in forex for most major currencies to be quoted against the U. The currency pair shows how much of the quote currency is needed to purchase one unit of bearish harami candle contract rollover base currency. The most important aspect of the bearish Harami is that prices gapped down on Day 2 and were unable to move higher back to the close of Day 1. Bar charts and candlestick charts show the same information, just in a different way. It is thought of as the level at which a lot of buyers tend to enter into new long positions of the asset while sellers cease their sales. Bullish Harami: A bullish candlestick chart pattern in which a large bearish candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. This index provides a relatively balanced value of the USD against the main currencies spread out in the main geographic portions of the world Europe, Asia, australia biotech stocks profitable stocks in Australia. With bulls having established some control, the price could head higher. Investopedia uses cookies to provide you with a great user experience. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity for traders. Descending Channel: A descending channel or downtrend is the price action contained between two downward sloping parallel lines. Triangle: A technical analysis pattern created by drawing trend lines best day to sell bitcoins buying xrp using bitcoin a price range that gets narrower over time because of lower tops and higher bottoms. The opposite pattern to a bearish harami is a bullish harami, which is preceded by a downtrend and suggests prices may reverse to the upside. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. When combined, a bearish Harami pattern and a trendline break might be interpreted as a potential sell signal. The size of the second candle determines the pattern's potency; the smaller it is, the higher the chance there is of a reversal occurring.
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Options Trading. Key Takeaways A bearish harami is a candlestick chart indicator for reversal in a bull price movement. Technical Analysis Basic Education. With bulls having established some control, the price could head higher. Last Updated on March 12, A single bar represents one day of trading. The pattern consists of two Candlesticks:. This is generally interpreted as a sign that the price of the asset is becoming overvalued and may experience a pullback. On the second candle, the market gapped down at the open. The Commodity Channel Index, first developed by Donald Lambert, quantifies the relationship between the asset's price, a simple moving average SMA of the asset's price, and mean deviations MD from that average. Bearish Engulfing Pattern. The first currency of a currency pair is bearish harami candle contract rollover the "base currency", and the second currency is called the "quote currency". Bretton Woods Agreement: How to place forex trades murrey math forex trading system agreement made in Bretton Woods, New Hampshire, which helped to establish a fixed exchange rate in terms of gold for major currencies. The opposite pattern to a bearish harami is a bullish harami, which is preceded by a downtrend and suggests prices may reverse to the upside. GBP: In the currency market, this is the abbreviation for does size of candlestick matter when day trading stock how does lot size work in forex British pound. Swing Low: Forex trading panel in koramangala term used in technical analysis that refers to the troughs reached by an indicator or an asset's price. Bank For International Settlements BIS : An international organization of central banks that fosters monetary and financial cooperation. There are both bullish and bearish versions. Just above and below the real body are the " shadows " or "wicks.
It plots the highest high and lowest low over the last period intervals. When combined, a bearish Harami pattern and a trendline break might be interpreted as a potential sell signal. There are both bullish and bearish versions. Traders can use technical indicators, such as the relative strength index RSI and the stochastic oscillator with a bearish harami to increase the chance of a successful trade. The Fibonacci retracement is the potential retracement of a financial asset's original move in price. The EU's goal is to create a barrier-free trade zone and to enhance economic wealth by creating more efficiency within its marketplace. Mean Reversion: A theory suggesting that prices and returns eventually move back towards the mean or average. Downtrend: Describes the price movement of a financial asset when the overall direction is downward. Because it is the norm in forex for most major currencies to be quoted against the U. Bearish Engulfing Pattern. Successively lower swing lows indicate that the underlying asset is in a downtrend, while higher lows mean it is in an uptrend. We also reference original research from other reputable publishers where appropriate. Here a sampling to get you started. Trend traders will determine the direction of the trend and filter all of their trades in that direction. Futures Trading. Bar charts and candlestick charts show the same information, just in a different way.
Understanding Basic Candlestick Charts
The chart above of the e-mini shows that Day 2 was a bearish candlestick; this made the bearish Harami look even more bearish. News Tips Got a confidential news tip? A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used. The pattern consists of a long white candle followed by a small black candle. Compare Accounts. This is reflected in the chart by a long green real body engulfing a small red real body. The typical setting is 20 period moving average with 2 standard deviations. A common exception is for JPY pairs which are quoted to the second place to the right of the decimal. The first candle was a long bullish green candle. The pattern starts out with a strong down day. Both trend lines act as barriers that prevent the price best place to buy cryptocurrency nz crypto chicago stock exchange heading higher or lower, but once the price breaches one of these levels, a sharp movement often follows. Euro Zone: A geographic and economic region that consists of all the European Union countries that have fully incorporated the euro as their national currency. In other words, the rate at which one currency can be exchanged for. A swing low is created bearish harami candle contract rollover a low is lower than any other point over a given time period. Bullish Harami. Sign up for free newsletters and get more CNBC delivered to your inbox. What caused the stock market crash of 2018 day trade oil futures brian is thought of as the level at which a lot of buyers tend to enter into new long positions of the asset while sellers chicago trading vps forex chart signals their sales.
Bearish Harami. Personal Finance. Candlestick A candlestick is a type of price chart that displays the high, low, open, and closing prices of a security for a specific period and originated from Japan. No pattern works all the time, as candlestick patterns represent tendencies in price movement, not guarantees. The True Range reflects the price absolute price movement. Variations of a triangle include symmetrical, ascending and descending triangles. The oscillator is used to gauge if the price is potentially overbought or oversold. When the real body is filled in or black, it means the close was lower than the open. The chart above of the e-mini shows that Day 2 was a bearish candlestick; this made the bearish Harami look even more bearish. Currency Basket: A selected group of currencies in which the weighted average is used as a measure of the value or the amount of an obligation. Data also provided by. Breakout: A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. The exponential moving average is also known as "exponentially weighted moving average". Some traders prefer to see the thickness of the real bodies, while others prefer the clean look of bar charts.
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In the case above, Day 2 was a bullish candlestick, which made the bullish Harami look even more bullish. News Tips Got a confidential news tip? Partner Links. More selling could develop. The opening and closing prices of the second candle must be contained within the body of the first candle. Triangle: A technical analysis pattern created by drawing trend lines along a price range that gets narrower over time because of lower tops and higher bottoms. Related Terms Bullish Harami Definition Bullish Harami is a basic candlestick chart pattern indicating that a bearish stock market trend may be reversing. A common exception is for JPY pairs which are quoted to the second place to the right of the decimal. Technical Analysis Basic Education. A trader would buy when the MACD line crosses above the signal line. The upper trend line connects the price highs over a period, with each subsequent high price higher than the previous. First there was a long bearish red candle. A swing low is created when a low is lower than any other point over a given time period. Bearish Harami. This is the most basic type of chart used in finance and it is generally created by connecting a series of past prices together with a line. Variations of a triangle include symmetrical, ascending and descending triangles.
An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. The second Harami pattern shown above on the chart of the E-mini Nasdaq Future is a bearish how do i find the best stocks to day trade when to spend money that you got from stocks Harami. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used. Harami Cross Definition and Example A harami cross is a candlestick pattern that how do etfs earn money getprices google finance intraday of how to deactivate forex account forex multiple order with same pair large candlestick followed by a doji. Bar charts and candlestick charts show the same information, just in a different way. Compare Accounts. Related Articles. Investopedia uses cookies to provide you with a great user experience. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued. The candlestick has a wide part, which is called the "real body. Fibonacci Retracement: A term used in technical analysis that refers to areas of support price stops going lower or resistance price stops going higher. Sometimes it signals the start of a trend reversal. Bearish Evening Star. Consumer Price Index CPI : A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. Past performance is not necessarily an indication of future performance. Descending Triangle: A bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second trend line that is horizontally placed at a strong level of support. Used as a medium of exchange for goods and services, currency is the basis for trade. Swing Trading: A style of trading that attempts to capture gains in a trade within one to four days. Generally the large sell-off is seen as an early indication that the bulls buyers are losing control and demand for the asset is waning. A short position could be opened when the pattern forms and the indicator gives an overbought signal. This can be contrasted with a bullish harami. The implications are bearish harami candle contract rollover same as the bearish harami.
A series of consecutively higher swing highs indicates that the given asset is in an uptrend. Basic Candlestick Patterns. Traders typically combine other technical indicators with a bearish harami to increase the effectiveness of its use as a trading signal. It seeks to make monetary policy more predictable and transparent among its member banks. A common exception is for JPY pairs profit your trade team intraday stock tips for monday are quoted to the second place to the right of the decimal. For accounting purposes, a firm may use the base currency to represent all profits and losses. Price based strategies tend to be more responsive to market movements in volatile conditions. This is the most basic type of chart used in finance and it is generally created by connecting a series of past prices together with a line. Sometimes it signals the start of a trend reversal. This tells the technician that the trend is pausing. A bearish harami candle contract rollover using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used. A buy signal could be triggered when the day after the bullish Harami occured, price rose higher, closing above sa forex trader murder forex ticker download downward resistance trendline. If it is followed by another up day, more upside could be forthcoming.
A bullish Harami pattern and a trendline break is a combination that potentially could resulst in a buy signal. When that variation occurs, it's called a "bullish mat hold. PIP: The smallest price change that a given exchange rate can make. Sometimes it signals the start of a trend reversal. This pattern is used by traders as an early indication that the uptrend is about to reverse. It is generally indicated by a small decrease in price signified by a black candle that can be contained within the given equity's upward price movement signified by white candles from the past day or two. Candlesticks are useful when trading as they show four price points open, close, high, and low throughout the period of time the trader specifies. Bearish Harami Cross. In a fixed exchange rate regime, only a decision by a country's government i. Bretton Woods Agreement: A agreement made in Bretton Woods, New Hampshire, which helped to establish a fixed exchange rate in terms of gold for major currencies. Bullish Harami : A bullish Harami occurs when there is a large bearish red candle on Day 1 followed by a smaller bearish or bullish candle on Day 2. Related Articles. Compare Accounts. A slight variation of this pattern is when the second day gaps up slightly following the first long up day.
The chart above of the e-mini shows that Day 2 was a bearish candlestick; this made the bearish Harami look even more bearish. The next day opens at a how to withdraw money from wealthfront cheap tech stocks with dividends high then closes below the midpoint of the body of the first day. For accounting purposes, a firm may use the base currency to represent all profits and losses. Hammer: A bullish price pattern in candlestick charting that occurs when prices thinkorswim setup volume worden tc2000 pricing significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. There are both bullish and bearish versions. First there was a long bearish red candle. Exponential Moving Average EMA : A type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. Also known as pegged exchange rate. Popular Courses. Related Terms Bullish Harami Definition Bullish Harami is a basic candlestick chart pattern indicating that a bearish stock market trend may be reversing. Breakout traders will trade breaks above the upper channel to go long or a break below the lower channel bearish harami candle contract rollover go short. A buy signal could be triggered when the day after the bullish Harami occured, price rose higher, closing above the downward resistance trendline. The International Monetary Fund was also established at this time. Get In Touch. By using Investopedia, you accept. The EU's goal is to create a barrier-free trade zone and to enhance economic wealth by creating more is nerdwallet publicly traded email format for wealthfront.com within its marketplace. How to program a trading bot to swing trade how does etoro copy work Harami meaning "pregnant" in Japanese Candlestick Pattern is considered a reversal pattern.
Bullish Harami Cross. There are both bullish and bearish versions. These levels are created by drawing a trend line between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of Bearish Falling Three. The RSI ranges from 0 to Many traders use slow stochastics. Generally the large sell-off is seen as an early indication that the bulls buyers are losing control and demand for the asset is waning. Technical Analysis: A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Candlestick Components. Article Sources. For, example, a trader may use a day moving average to ensure the market is in a long-term downtrend and take a short position when a bearish harami forms during a retracement. Personal Finance. Currency Carry Trade: A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. It can then be traded as a mean reversion oscillator. The implications are the same as the bearish harami. Symmetrical Triangle: A chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trend lines. The top of the vertical line indicates the highest price a security traded at during the day, and the bottom represents the lowest price. A swing high is formed when the high of a price is greater than a given number of highs positioned around it. Currency Basket: A selected group of currencies in which the weighted average is used as a measure of the value or the amount of an obligation.
What Is a Bearish Harami? Bearish Harami: A trend indicated by a large candlestick followed by a much smaller candlestick whose body is located within the vertical range of the larger candle's body. For example, a down candle is intraday market definition tickmill us clients shaded red instead of black, and up candles are often shaded green instead of white. Bearish Harami. Bretton Woods Agreement: A agreement made in Bretton Woods, New Hampshire, which helped to establish a fixed exchange rate in terms of gold for major currencies. The typical setting bearish harami candle contract rollover 20 period moving average with 2 standard deviations. A fade trader would sell when a price is rising and buy when it's falling. Symmetrical Triangle: A chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trend are emerging market etfs value buys best bottled water stocks. The Fibonacci retracement is the potential retracement of a financial asset's original move in price. Fixed Exchange Rate: Day trading online degree market news gold price country's exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency or the price of gold. Breakout traders will trade breaks above the upper channel to go long or a break below the lower channel to go short. This is reflected in the chart by a long green real body engulfing a small red real body.
The Swiss franc, or Swissie, has often been considered a safe-haven currency during times of geopolitical unrest. Popular Courses. In an indirect quote, the quote currency is the domestic currency. Markets Pre-Markets U. Get In Touch. Breakout Trader: A type of trader who uses technical analysis to find potential trading opportunities, identifying situations where the price of an asset is likely to experience a substantial movement over a short period of time. Candlestick A candlestick is a type of price chart that displays the high, low, open, and closing prices of a security for a specific period and originated from Japan. Your Practice. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Bullish Engulfing Pattern. The Commodity Channel Index, first developed by Donald Lambert, quantifies the relationship between the asset's price, a simple moving average SMA of the asset's price, and mean deviations MD from that average. Candlesticks show that emotion by visually representing the size of price moves with different colors. Personal Finance. Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support. Exponential Moving Average EMA : A type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued. Central banks have a wide range of responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation and full employment.
A popular strategy that incorporates positive rollover earnings is called the Carry Trade. Again, the most important aspect of the bullish Harami is that prices gapped up on Day 2 and price was held up and unable to move lower back to the bearish close of Day 1. When that variation occurs, it's called a "bullish best trading tips in stock market unrealized profit on stock meaning hold. Central banks also generally issue currency, function as the bank of the government, regulate the credit system, oversee commercial banks, manage exchange reserves and act as a lender of last resort. A downtrend is in play, and a small real body green occurs inside the large real body red of the previous day. The pattern indicates that sellers are back in control and that the price could continue to decline. Part Of. This pattern is used by traders as an early indication that the uptrend is about to reverse. Moving Average MA : An indicator frequently used in technical analysis showing the average value of a security's price over a set period. Technical Analysis: A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume.
Technical Analysis Basic Education. A swing high is formed when the high of a price is greater than a given number of highs positioned around it. European Union EU : A group of European countries that participates in the world economy as one economic unit and operates under one official currency, the euro. The first candle was a long bullish green candle. Personal Finance. Devaluation: A deliberate downward adjustment to a country's official exchange rate relative to other currencies. Investopedia is part of the Dotdash publishing family. There are 2 types of stochastic oscillators. Descending Triangle: A bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second trend line that is horizontally placed at a strong level of support. Bullish Harami: A bullish candlestick chart pattern in which a large bearish candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The exponential moving average is also known as "exponentially weighted moving average". Markets Pre-Markets U. Technical Analysis. Bank For International Settlements BIS : An international organization of central banks that fosters monetary and financial cooperation. Harami Cross Definition and Example A harami cross is a candlestick pattern that consists of a large candlestick followed by a doji. Currency Basket: A selected group of currencies in which the weighted average is used as a measure of the value or the amount of an obligation. Technical Analysis Basic Education. When the real body is filled in or black, it means the close was lower than the open. A single bar represents one day of trading.
Harami Candlestick Chart Example
A bearish harami received its name because it resembles the appearance of a pregnant woman. Bar charts and candlestick charts show the same information, just in a different way. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued. Fixed Exchange Rate: A country's exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency or the price of gold. Average Directional Index ADX : An indicator used in technical analysis to determine the strength or weakness of a trend without regard to trend direction. A formal downtrend occurs when you see a series of lower highs and a series of lower lows than the ones found earlier in the trend. The Fibonacci retracement is the potential retracement of a financial asset's original move in price. The pattern is identified by drawing two trend lines that connect a series of sequentially lower peaks and a series of sequentially higher lows. The closing price is displayed on the right side of the bar, and the opening price is shown on the left side of the bar.
Key Takeaways Candlestick charts are used by traders to determine possible price movement based on past patterns. Reserve Currency: A foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations, or to influence their domestic exchange rate. For accounting purposes, a firm may use the base currency to represent all profits and losses. Strong trending moves generally have larger true ranges where range bound markets have lower true ranges. Sometimes it signals the start of a bearish harami candle contract rollover reversal. Futures Trading. Bernanke took over the helm from Ian Greenspan on February 1,ending Greenspan's futures trading bond graphing options strategies leadership at the Fed. Traders enter into long positions when the price of the asset breaks above the top resistance. The RSI ranges from 0 to Trading is inherently risky. Related Articles. Breakout traders will trade breaks above the upper channel to go long or a break below the lower channel to go short.
The chart below of the Nasdaq E-mini Futures contract shows an example of both a bullish and bearish Harami candlestick pattern:. Bullish Harami: A bullish candlestick chart pattern in which a large bearish candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In an indirect quote, the quote currency is the domestic currency. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity for traders. Candlesticks are useful when trading as they show four price points open, close, high, and low throughout the period of time the trader do you need a broker to buy penny stocks which stock gives the best dividend india. There are 2 types of stochastic oscillators. A currency basket functions as a benchmark for regional currency movements - its composition and weighting depends on its purpose. Trend: The general direction of a bearish harami candle contract rollover or of the price of an asset. Stochastic Oscillator: A technical momentum indicator that compares a security's closing price to its price range over a given time period. Traders can alter these colors in their trading platform. The chart above of the e-mini shows that Tim hortons stock dividend best cfd trading app 2 was a bearish candlestick; this made the bearish Harami look even more bearish. Also known as pegged bearish harami candle contract rollover rate. Moving averages are generally used to measure trend direction, momentum and define areas of possible support and resistance. Again, the most important aspect of the bullish Harami is that prices gapped up on Day 2 and price was held up and unable to move lower back to the bearish close of Day 1. Bullish Harami Cross. Unique Three River Definition and Bitpanda not available in us where do you buy bitcoin cash The unique three river is a candlestick pattern composed of three specific candles, and it may lead to a bullish reversal or a bearish continuation. It first starts with a continued uptrend with bullish candles. The fifth and last day of the pattern is another long white day. The second trend line connects a series of increasing lows. News Tips Got a confidential news tip?
Popular Courses. A series of consecutively higher swing highs indicates that the given asset is in an uptrend. It seeks to make monetary policy more predictable and transparent among its member banks. No pattern works all the time, as candlestick patterns represent tendencies in price movement, not guarantees. The second trend line connects a series of increasing lows. Lower pivot highs and lower pivot lows are a bearish signal. The second Harami pattern shown above on the chart of the E-mini Nasdaq Future is a bearish reversal Harami. The resulting shape is a flat top triangle. The Bottom Line. Bullish Engulfing Pattern.
Three Forex fundamentals news forex broker mt4 download pepperstone Soldiers Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of a downtrend. Past performance is not necessarily an indication of future performance. Decentralized Market: A market structure that consists of a network of various technical devices that enables investors to create a marketplace without a centralized location. It seeks to make monetary policy more predictable and transparent among its member banks. Harami Cross Definition and Example A harami cross is a candlestick pattern that consists of a large candlestick followed by a doji. BAR Chart: A style of chart used by some technical analysts. Candlestick: A price chart that displays the high, low, open, and close for a security each day over a specified period of time. Sign up for free newsletters and get more CNBC delivered to do you need a brokerage account to buy stocks buying gold and silver stock inbox. The second trend line connects a series of increasing lows.
For accounting purposes, a firm may use the base currency to represent all profits and losses. Also known as pegged exchange rate. Euro Zone: A geographic and economic region that consists of all the European Union countries that have fully incorporated the euro as their national currency. Variations of a triangle include symmetrical, ascending and descending triangles. The small real body can be either red or green. Sign up for free newsletters and get more CNBC delivered to your inbox. This is reflected in the chart by a long green real body engulfing a small red real body. Skip Navigation. Candlestick A candlestick is a type of price chart that displays the high, low, open, and closing prices of a security for a specific period and originated from Japan. Generally the large sell-off is seen as an early indication that the bulls buyers are losing control and demand for the asset is waning. Last Updated on March 12, See full disclaimer. This is mainly due to the country's neutral stance in global conflicts. A swing low is created when a low is lower than any other point over a given time period. Markets Pre-Markets U. Technical Analysis: A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. This real body represents the price range between the open and close of that day's trading. We want to hear from you. Traders enter into long positions when the price of the asset breaks above the top resistance. The RSI ranges from 0 to
Harami Candlestick Potential Buy Signal
Stochastic Oscillator: A technical momentum indicator that compares a security's closing price to its price range over a given time period. It is created when there is a significant sell-off near the market open, but buyers are able to push this stock back up so that it closes at or near the opening price. The International Monetary Fund was also established at this time. Technical Analysis Basic Education. Strong trending moves generally have larger true ranges where range bound markets have lower true ranges. Get this delivered to your inbox, and more info about our products and services. Just above and below the real body are the " shadows " or "wicks. The small real body can be either red or green. For example, if the daily chart was used to take the trade, the position could be closed when the indicator gives an oversold reading on the weekly timeframe. Partner Links. There are 2 types of stochastic oscillators. Markets Pre-Markets U. It first starts with a continued uptrend with bullish candles. Bollinger Band: Used in technical analysis, a band is plotted two standard deviations away from a simple moving average, developed by famous technical trader John Bollinger.