W and T Offshore Inc (WTI)

[Don'tDrinkTheKoolAid]

Bollinger Bands standard deviation is 2. It's back into the lower band now.
The hook forms when the current trend is over. On upward squeezes the hook forms in the lower band. Usually will get a correction at that point whether up or down. If the volatility squeeze is up then it will pop and then have downward correction in a volatility squeeze down then it will be up. We call them phases. Phase 1 the pop. Phase 2 the correction whichh is a good time to add if going up. Phase 3 trend continues. Good example look at ELTP it is just starting to come out of a volatility squeeze now to the upside. Look how tight the bands got. It's doesn't tell you which direction the squeeze is going to be. In WTI it was down in eltp case it's up. The better squeezes are when the stock price is nearer the 20 and 50 day MA.