Educational Study: Range Bound

Educational Study:
How to use Range bound as your target and entry?
Step 1: Determine one major range bound
Step 2: Use The FIb Chanel and set -1.-2, +1,+2
Step 3: Watch the price action at the range bound

We can see clearly the previous bullish momentum
ends at exactly the 300% Level
Then price come down back to 100%
Spot the seller failure or buyer failure
and Targeting the next range