Range-bound trading

Range-bound trading

Range-bound trading when the price is clamped between two pivot points, the two lines are in the cycle repeated. See the chart below

Every time the price hits the pivot point, but it goes back to the brakes, the pivot point is the more powerful. If the price hits a day, 5 times a pivot point, but does not break, but it will be a much stronger pivot point. But if the pivot point price is 1 times hit, the range-bound trading trading pivot points to hit 1 times those can wait for a while.

If you see a chart and see that the price has hit at least two times a pivot point on the opposite side of the breaks back, then you may want to range-bound trading.