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Trading ranges is easier than trends because all you have to do is buy at predefined support and sell at predefined resistance.
Which of the following statements best apply to range trading? Pick 2.
The market alternates between range expansion and range contraction.
Consolidation is when there is a balance in supply and demand represented on the price chart.
Why do longer consolidation periods tend to resolve themselves with explosive moves?
Break outs and false breaks are powerful patterns traders can use when trading period of consolidation.
When price breaks the price is above the middle of the Donchian channels, traders should be looking for:
Donchian channels are particularly useful for timing entries and exits into large trends.