Hifriends i am prashant a full time trader can any one help me how one can understand market is trending or ranged.
When the price keeps making HL and HH (up) and LH and LL (down), market is in trend ...
When the Price keeps bouncing off between 2 key price levels, without breaking the Upper band or lower band, market is in range ...
But range can be either narrow range and trading will be difficult.
If the range is Wide, then we can trade from upper band to lower band and from lower band to upper band ...
Hope it helps.
Stay in green