The market is ranging when price is moving between a clear support (bottom level) and resistance (top level) without breaking out in either direction. The price will repeatedly touch these levels but won’t go beyond them. You can draw horizontal lines to mark these levels.
How to trade this market is to buy at the bottom of the range and sell at the top.
When it's ranging it's not going anywhere, seat on your hands, draw a line above and below the range, when it breaks out of that line then you can know the direction.
The market is ranging when price is moving between a clear support (bottom level) and resistance (top level) without breaking out in either direction. The price will repeatedly touch these levels but won’t go beyond them. You can draw horizontal lines to mark these levels.
How to trade this market is to buy at the bottom of the range and sell at the top.
Don't forget your risk management
It ranges for a reason - either accumulation or distribution. If you are a trader and not an investor, stay off the market.
When your busy and sells keep hitting SL, stay clear.
Well.... You can use the daily chart and if you see 3-4 days candles side by side without going higher or lower, definitely a range.
When it's ranging it's not going anywhere, seat on your hands, draw a line above and below the range, when it breaks out of that line then you can know the direction.