All language subtitles for 2. Types of Ranges--- [ DevCourseWeb.com ] ---

OK so I'm going to show you guys and how to identify a range very quickly.

OK.

Be familiar with the different types of ranges and the kind of range we're in whether it's a reversal

range or a continuation range.

Right.

So how do we know if we're in the range right now.

Right that's the question.

And the answer is simple.

OK.

And that trend is defined as a move that's making ionize and high

the moment it failed to make a higher high.

That is your first sign.

Your first clue that the market may find to a range right and it gives you another clue here which makes

a lower low.

In this case that confirms the range

what I've drawn here is what I call the rectangular range the rectangle.

This can be a continuation pattern on the market may reverse after the range.

OK.

So we simply look at price and we look at the swing's That's form in the structure.

Okay.

So what is this part here.

Well to make a higher though that's your first clue.

And this is your second clue.

Right.

In other times price may just fall or really really strongly whenever you see a very steep move like

this instead of diagonal one.

This is the first sign.

This is already telling you that the market has to stop and pause right even before all these forms

see this makes a higher high in this example just by looking at this move that's your first clue that

we're anticipating arranged to form great or simple as that.

And again this could continue or reverse.

Okay so let's apply to some charge.

No this is the first example.

This is the second one right.

What we see here for example

see how price just fell to the downside here.

What happens here is it stops and former page is considered a valid rectangle range this is merely a

fake.

We will cover that later in the next few models.

Right for now I just wanted to show you the two types of scenarios where we can anticipate a range.

So this is the second example.

Another one here see how strong this move is to the downside.

OK.

Bryce has to stop in range

so therefore if we're just looking after a move like this we can immediately anticipate or arrange to

have an write as fine a few examples to illustrate the first chart.

OK this is a good one here.

Right prices making the highs or lows being drawn in reliance for your.

And what happens here.

It makes.

This is what I call equal high.

It's not lower or higher by much.

So we'll call it equal.

And that it fails to make a lower low grade.

This is the first sign that tells you the trend is weakening.

It immediately makes an move this time slightly higher about equal as well.

So right about here this tells you that rationing form right.

First clue.

Second clue is right here when he fails to make Laurel.

And what happens the rectangular age.

It's a symbol that we don't look at any indicators.

No ADX I'm moving averages to simply pure price action.

Trust is the only leading indicator.

So in the next few models we will go deeper into identifying different types of ranges.