EUROPEANBULLS
CONSOLIDATION
MARKET
[Link]
UNDERSTANDING
Support and Resistance: How Traders Approach It:
The support level is the area where the price tends to Traders often use these levels to plan their trades:
stop falling and bounce back up. In this chart, it’s around Buy near support and aim for resistance as a target.
the 0.65800 level. Sell near resistance and target the support level.
The resistance level is the area where the price tends to Others may wait for a breakout: when the price finally
stop rising and pull back down. Here, it’s around the moves strongly above resistance or below support,
0.66800 level. signaling the start of a new trend.
Market Behavior: Why It Happens:
During this phase, buyers and sellers are in balance, and A ranging market usually occurs when traders are
no strong trend is present. The price repeatedly tests indecisive or waiting for news or data that could push
the support and resistance levels without breaking the price in a clear direction. It can also signal an
through. accumulation (buyers preparing to push the price higher)
When the price reaches the resistance, it often drops or distribution phase (sellers preparing to drive the price
back down. lower).
When it reaches the support, it tends to rise again
SUMMARY
A ranging market is when price moves sideways
between support and resistance levels without a
clear trend. Traders can profit by buying low and
selling high within the range or waiting for a breakout
to follow the next trend.
