Technical analysis
Range (consolidation)
A range is a zone where price moves sideways between a support and a resistance, with no clear trend.
A range is a zone where price moves sideways between a support and a resistance, with no clear trend.
In a range, the market "breathes": some traders buy near support and sell near resistance. The exit from the range (a breakout) often marks the start of a new directional move.
Price oscillates between $48 and $52 for two weeks: that is a range.
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