HIGH OF LOW BAR FOR BUYING/LOW OF HIGH BAR FOR SELLING

Figure identifies the buy zone and sell zone. The obvious method of trading this pattern is to buy when market enters the buy zone and vice versa.

You can place orders in these zones with a stop below them or look at a lower time frame and wait for some evidence of demand/supply prior to taking a position.

If the market decisively penetrates the zone, then it is no longer an area for action as support or resistance did not hold.