What is Range (Technical Formation)?

Range, as it relates to technical charting and analysis, refers to a specific area where an asset's price oscillates between points of technical support and resistance during a certain period of time. Range-bound assets typically bounce between the high resistance price that they won't break above, and the low support price that they won't drop below. Certain technical analysis indicators such as the relative strength index (RSI) can also move up and down within a specific range.