With or without the ranges, traders will often use trend lines to help identify their entries and exits. Definitions will vary, but for the sake of argument let's say 2-3 bars creates a trend. Connect the bottoms for a bull, the tops for the bear.
Add the ranges, as a gauge of the market buy/sell strength, and you have a nice day for trading.
the open: a support level combined with a reversal bar at the short break out target (SB). Price is bullish and enters the range for a range run. The bull trend line was used for exit timing, and the EMA was considered in a support role.
1516 was the target for the bull run and we allow a 2 to 2.5 (1518-1518.5) zone for the run to exhaust. The 1518 area was seen as a scalp short. (considered as .5 to 1.5 points). Could it be a true reversal and run more? yes, but it was considered a scalp only due to the strength of the bull.
[10:44] <CM> 18-18.5 stall scalp potential
Mid day: Bar 26 to 29 held at the 1516 support and was a low risk long. We also got another bull TL to play longs at the TL, or if more conservative, after the Tl bounce enter at the EMA. The double high at 18.5 was considered another scalp.
Price did push higher toward the 1521 target and later settled around the 1518.5. Nice, but some days early trading is all it takes to be happy.
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