Quick question about trading ranges

NexusFi · 2015-01-16T14:17:36-05:00

I've been studying about learning how to spot, read, and understand reversals when I realized I was lacking some crucial information. When unsustainable price action occurs and the market corrects it through a 10+ bar, 2+ legged correction, does a trading range count as a leg? I know that spikes and channels can each count as individual legs but I am unsure about trading ranges.

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Updated January 16, 2015

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Quick question about trading ranges

January 16th, 2015, 02:17 PM	#1 (permalink)
acolyte Flushing + NY/USA Posts: 3 since Jan 2015 Thanks Given: 0 Thanks Received: 1	I've been studying about learning how to spot, read, and understand reversals when I realized I was lacking some crucial information. When unsustainable price action occurs and the market corrects it through a 10+ bar, 2+ legged correction, does a trading range count as a leg? I know that spikes and channels can each count as individual legs but I am unsure about trading ranges.