DislikedBTW Mike, do you have a material about the box thingy? Or is it just a simple box drawn to see the ranging price action?
Thanks in advance.Ignored
Boxing is just as you said. A simple box to show the market is consolidating. Good boxes can tell us a great deal. Both about the the market right NOW, and also what may happen when the market gets outside the box. Markets constantly are consolidating breaking out, consolidating breaking out. It may not be perfect at all times, far from it. But it gives us a lot of info. Boxes also will often box on TOP of each other. This then forms another concept taught here known as PPZ(price pivot zones). Flips of support and resistance.
Simple but powerful tool
Here is a chart with clear boxing.
http://www.forexfactory.com/showthre...37#post5691337
Notice now the updated chart where price bounced
Best
Mike