Step by step
How to read it
- 1Range high: two or more turns down from the same area.
- 2Range low: two or more turns up.
- 3The middle: price can go either way. Decisions happen at the edges — or on a close outside.
Watch out
Common mistake
Trading patterns in the middle of a range. They rarely mean much there — wait for an edge.
In one line
Definition
A market moving sideways between a clear high and a clear low. The edges matter; the middle has no edge.
Check yourself
Check yourself
Two daily resistances and two daily supports at similar prices suggest…