Markets go...BO...channel...range....BO...channel..range.
Trader must have:
1) strategies and tactics for each phase.
2) trader must learn to “see” these phases
3) trader must be nimble to adapt to phases
4) there will be PB’s, wedges, triangles, micro channels and other patterns in the channel and range phases.
Bo’s can be in the form of spike...or very tight steep channel. On a larger TF, a tight steep channel on a smaller TF, is a spike BO.
Channels can be tight or broad. Trade them differently.
Ranges have to have enough movement for at least a scalp. Broad ranges can have two legged or more movements.
90% of time markets are in ranges and channels. Every bar has volume so institutions are trading it. You can enter on most any bar, in any channel or range, and make money if you can manage the trade.