All language subtitles for 3. RangingSideways Market (Transcribed on 06-Oct-2023 00-46-51)

Ranging Market. Ranging Market is categorized by price, moving sideways between a certain high price and low price.

So let's say that price is coming from on optren. So we made a new high and then a higher low but then wasn't able to trade beyond this previews higher high.

And then suddenly price got rejected at this level and pushed the price back to this previews higher low level.

Alright, so and then once price rejected this level at this point at this point we can now assume that we are in a sideways or ranging market.

So it is already confined within a certain price range.

So now we can assume whenever price reached this level it can get rejected and move the price back towards this low price.

Okay, so once price reached this low price we can assume that it can it can bounce from this level and move back to again to this high price.

Alright, so let's have an example. So gold daily timeframe. So as you can see we we are coming a price is coming from on optren from an upside move.

And then suddenly price entered into a ranging or sideways market. So whenever price reach this high price sellers are coming in and then once price reach this low price buyers are coming in.

So every time price reach this high price there are sellers willing to sell willing to sell the market and then move the price back towards this low price.

So same with same with sellers whenever price reach this level there are buyers defending this level. Alright, so for high price high price this is well defended by sellers and for low price this is defended by buyers.

Okay, so another example, British Pounds with Frank daily timeframe. So coming from a down trending market or a very aggressive decline price bounce from this level and made an upside move and then entered into a sideways market.

Alright, so again high price for sellers and then low price for buyers. So every time price moving back to this level to this high price we can expect some sellers coming in and then this level we can expect buyers coming in.

Okay, so like an optren, and down trending market, ranging market doesn't last forever. So at some point it has to terminate and decide on what what direction it should go. Right.

We have ranging termination. So a clear break of either high price or low price. So a break of high price is what we call break out and then a break of low price or lower end of the range is what we call breakdown.

Alright, so as you can see we are in a sideways market and then suddenly price breaks through the upper end of the range. So we have a breakdown and we should see a higher high and we can expect of course a higher low.

Okay, again, we are in a sideways market and then suddenly price breaks through the lower end of the range. So we had a breakdown.

Okay, so we should see a lower low and then lower high and then lower low.

Alright, so let's have an example a British pound Swiss franc daily time frame. So sideways market sellers rejecting this high price buyers rejecting this low price.

Okay, until price suddenly breaks through this upper end of the range. So we had a break out. Okay, and then price move to the upside. Okay, so this is our confirmation that this range is already finished and now we can see price moving into one direction.

Another example New Zealand US dollar five minute time frame. So coming from a downside move.

We then entered into a sideways market condition. So high price sellers are coming in low price buyers are defending until we have a breakout.

Okay, so this is our confirmation that this range is already finished and we can now see price moving into one direction gold daily timeframe. So coming from an uptrend or an upside move.

We entered into a sideways market condition. Okay, so we have buyers at the lower end of the range and sellers at the upper end of the range. Okay, and then price decided to break down.

Okay, so this is our confirmation that this range is already finished and we are now going to see a downside move.

Another example US dollar Japanese yen 15 minute timeframe. So coming from a downside move. We entered into a range.

So lower part of the range we see buyers and then upper part of the range we see sellers defending these levels. Okay, so this one is a failed failed breakout.

Now this this one you will learn in our support and resistance less right. So sellers are sellers are defending this upper end and then buyers are defending this lower end until price decided to break down.

So this is our confirmation that this this range is already finished and we are now going to see a downside move.