how do you know it will range day? can you explain
InsiderB
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@raoadnan84, there was resistance and support on both sides and there is no Momentum to break , so I felt it will be range day
raoadnan84
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@InsiderB, Thanks really appreciated.understand it touches resistance and support and pull back but what about momentum. Have you consider volume for this ? or from pattern/candles you recognize it doesn't have momentum.
Just try to understand charts.
InsiderB
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@raoadnan84, No bigger volumes, then its just weaker move. During trend developments volume spikes will happen & candle formations to certain extent, yes with practice you can also do