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What symbols does the trader recommend buying?
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Consolidation and ExpansionThe markets either do one of two things: Price either consolidates or expands.Consolidation: a period in the market where price is moving calm which moves in a range known as the dealing range. We will be able to identify a clear high and low to this range.You have probably heard of the term range bound, ranging, or consolidating. This means that price is typically staying in one area, and just moving sideways, rather than up or down.The range can be tight (meaning a spread of only a few pounds), or the range can be loose (meaning a spread of hundreds of thousands of pounds from range high to low. This partly will come down to the timeframe implemented.Expansion: a period in the market where price is moving aggressively in one direction or the other. We will see an impulsive move to the upside, or an impulsive move to the downside, where price will give us large candle bodies or wicks. This is known as expansion.
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