A simple technique i use many times a week is when price creates a channel such as this one (this occured at the end of the day on the RUSSELL (TF):
When i become aware of an emerging channel, usually it starts with leg's formation of about the same size, i switch my approach to a simple method. These range bond conditions may happen at the end of a move or between 11:00-12:30 EST or at the end of the day.
As the channel may show a bias, i use the Fibonacci tool to find the middle of each new leg and link these points with a line (median line). Each time the 50% ratio of a new leg falls around the median line projection of previous legs, i keep trading the extreme points (Top/Bottom) of the merging channel. I place lines above/below the mid line to better follow the emerging formation. The red lines represent the stop loss limit.