range low

The bottom of a sideways stretch, where price kept turning up.

The fuller meaning

The lower boundary of a trading range, where dips have repeatedly held. A decisive close below it is a breakdown; after a trend breaks, price can move sideways between a range top and range bottom before any new trend.

range low, also called range bottom.

Related words

above-average volume · bounce · break of structure · breakaway gap · breakdown · breakout · broken level · channel · choppy market · common gap