What is a Price Action TradingNial Fuller (LearnToTradeTheMarket) for Cheap?
Ranging Price action :
Price is not making new highs OR new lows I don’t mean all time highs/lows or new day/week/month highs/lows… just simply a new chart swing high or low.
Price will start to stall and not make a new swing high/low and typically will stay contained within the last swing high and low that was made on the chart. Isn’t that a simple definition?
Range rule definitions :
Price doesn’t make a new high or low on the move
If price stays contained within the last swing high and swing low to be made, price will remain range bound until it makes news move highs or lows.
Price confirms the range when a lower high and a higher low is made within the previous swing high and low.
Range considerations :
Some considerations for identifying ranges at an early stage in real time are;
That price could be creating a pullback or bias change and as the chart unfolds for you a new high or low could be made voiding the potential range.
