The SqueezeGood day friends in this mercurial market on the 4 hour chart we have SHIBA consolidating and also a possible BB squeeze.
Per our friend Google "When Bollinger Bands narrow, it indicates that the market or security is experiencing less volatility and may be about to have a significant price move:
This is known as a "squeeze" and suggests that a big move is ahead"" Here on the chart it may appear that BB is narrowing, let's keep our eye on the breakout of the parallel structure, which will act as a confluence. "When Bollinger Bands narrow significantly and the price then breaks above the upper band or below the lower band, it is often interpreted as a strong signal of a potential trend change, signifying a breakout or breakdown, as this indicates a period of low volatility followed by a sudden increase in price movement, often considered a "squeeze" with the breakout signifying a significant price move either upwards or downwards depending on which band is breached; essentially, the market is poised for a large move after a period of consolidation"(Google).
