How to trade in range/consolidation period

A lot of people asked me what to do in the case when the price is stuck in consolidation.

You can use Fibonacci retracement and create a range (0, 0.25, 0.5, 0.75, 1) and put it from swing low up to swing high. By that, you will create key points where the price will react on during consolidation time.

You can use it on all Timeframes and it does not matter if it is Monthly, Weekly, Daily or minute chart.

As you can see here, price very nicely reacts to each of our levels which we have set up once the range has been established. Also, when the price is stuck in consolidation range you do not want to trade it. Avoid it. You will make many mistakes, rather you should focus on a clear bullish/bearish trend.

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