Range
Price oscillating between two levels
What it is
A horizontal band with a repeatedly respected ceiling and floor and no directional progress.
What it may suggest
Balance. The edges are where risk is definable; the middle is where it is not.
Where it fails
Mid-range entries have almost symmetrical stop and target distance, which is a poor payoff in either direction. Most range losses come from trading the middle.
Also called consolidation, horizontal range, sideways.
More chart patterns
ChartPeak is an educational tool. It is not financial advice and does not make investment recommendations. Trading carries a risk of loss, and past performance does not indicate future results. Do your own research.
Get ChartPeak
Photograph a chart and get an AI technical analysis back in about 12 seconds: trend, bias, support and resistance, entry, exit and risk — or a plain no-trade.