Range

A market turning at roughly the same highs and lows repeatedly, with no clear sequence of higher or lower swing points.

Ranges are where structure-based reading produces the most false signals, because the same levels get crossed constantly without meaning anything.

The boundaries themselves are useful — they are levels price has demonstrably reacted to more than once, which is what makes a good zone.

Also called: ranging market, consolidation.

Taught in

Structure reading assumes a trend exists. Recognising when one does not is what keeps the method honest.

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