Here is a typical example of a range, my approach to them is that , price has a 50% chance of breaking to the upside or the downside. But if it does break , It tends to double the range before it finds support or resistance. In this case , doubling will either lead to anothe support , or another resistance zone. Lets wait and see
Note
Price doubles range , then consolidates.Note
Price has shown us the way , I can now wait for a short setup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.