A range-bound market is one in which price bounces in between a specific high price and a low price.
The high price acts as a major resistance level in which price can’t seem to break through.
Likewise, the low price acts as a major support level in which price can’t seem to break as well.
The high price acts as a major resistance level in which price can’t seem to break through.
Likewise, the low price acts as a major support level in which price can’t seem to break as well.
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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.