Bitcoin / TetherUSEducation
Price Action Ranges| Range High/Low| Deviations
In this segment we will discuss the concept behind Price Action Ranges; they are periods of oscillation in the market where supply and demand is balanced. Once this occurs, there is a high probability of a price expansion out of the range.
The basic concepts in price action ranges are the following:
- Range High Resistance
- Range Low Support
- Range –Mid
- Deviations
Range High Resistance
- This is an area on the chart where resistance is present, price action tests this area before reversing back down
Range Low Support
- This is an area on the chart where support is present, price action visits this area for a test before reversing back up
Deviations
- Deviations occur out of the region to generate liquidity, it is designed to trap trader before reversing in the opposite direction.
Join for free daily report cards - bitcoininsider.world/
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
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.