that is how i've seen it with smh, for instance (today) if there is a move away from the upper band then price would migrate to mid-line, on daily chart not intraday,
I use BB as support for other indicators, to confirm my current direction,
smh and QQQQ today, is still within arms reach of the upper band.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.