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Price Action Trading Sunil Gurjar Book Pdf
That range continued into the third day. Any trading range has a magnetic pull on the market, and this makes most breakout attempts fail. The trading range from bar 11 to bar 19 was the final bull flag in the rally, and the breakout to bar 21 failed.
The market then broke below this upper trading range with the large bar 22 bear trend bar. The sell-off tested the top of the range from the prior day and formed another trading range.
Bar 29 was a failed breakout of the top of the lower range and a third push-up, and the pull of the lower range was greater than that of the upper range. The market traded back through the lower range, tested the bottom at bar 32, and then closed near the top of the lower trading range.
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