BULLISH PATTERN

BEARISH PATTERN
CANDLE STICK’S
Bollinger bands are useful for determining changing trends. Squeezing BB means a trend is pausing. Still, Bollinger bands
are far too late to tell about the beginning of a sideways price movement.

Indicators cannot predict sideways patterns in advance, because indicators only reflect the market as it behaves. In
order to start ranging, market should first fail to make Higher high (in an uptrend) or Lower Low (in a downtrend).
From this "point of failure" traders can anticipate the beginning of price sideways shifts.

Once the failure point is identified, use trend lines to highlight a sideways channel by drawing horisontal
support/resistance lines as shown on the image below.