A range is an area between a support level and a resistance level. In a range, you’ll find price action bouncing up and down before breaking above or below to the next range.

Price moving about within a range is known as a ranging or consolidating market.

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A support is an area that holds price from closing below a particular price level - much like a floor. A resistance is an area that holds price from closing above a particular price level - much like a ceiling. When price hits a heavy support and rejects it usually goes back to the top of the range and vice versa for a resistance.

Next, we have trending market’s or trending market structure. To understand a trending move onto the next lesson.