The way to think about ranges is simple:
There are two types of ranges:
-Accumulation
-Distribution
Mark out where price spent the most time interacting near the highs. That's your range high.
Mark out where price spent the most time interacting near the lows. That's your range low.
The midpoint between those levels is your midrange.
Ranges rarely have double deviations.
In this case, the deviation below the range low should have marked the low and led to a move back toward the range high.
Instead, price couldn’t even make it back to the midrange.
That’s a sign of weakness.
Failure to reclaim the midrange was the short trigger.
The same logic can be used for long setups.
You do not need any other indicators.
They are nice for confluence, but completely uncessary.
Price is always king.
