A consolidation pattern where price bounces between clear horizontal support and resistance. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
A consolidation pattern where price bounces between clear horizontal support and resistance. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
It represents a balanced tug-of-war between buyers and sellers. New traders benefit from internalizing this early, since it underpins much of the terminology and reasoning used throughout the rest of their trading education.
Traders often trade the range or wait for a breakout. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
IUX
Exness
Vantage
XM
ICMarkets
LiteFinance
Moneta
Tickmill
South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
Thailand (10)
Philippines (9)
Nigeria (10)
Vietnam (10)
Malaysia (9)
