A Range-Bound Market, also referred to as a choppy market or noisy market, is where price bounces up and down between a high price and a low price.
The low price acts as support, and price just can’t seem to break through it. The high price acts as resistance, and again, price can’t seem to find a way through that higher boundary.
The market movement is ranging or going sideways, for an extended amount of time.
There is no clear trend or direction, as price just “chops around” between the range of similar highs and lows.