If a pullback grows so large that it is uncertain if the trend will resume or reverse, it has become a trading range. Pullbacks are reliable setups and the book describes them and how to trade them in detail.
Once the market reaches a magnet, it then pauses and pulls back, and usually then resumes. As the breakout is unfolding, traders can use several mathematical techniques to measure where the trend will likely end and then begin to form a trading range, and these measured moves are discussed in detail. The market gets drawn quickly to these areas and because of this pull, I refer to them as magnets. It explains why breakouts form and why they end, which is always at some kind of support or resistance area. Since trends were just discussed in the first book, this second book begins with how trading ranges turn into trends, which are now familiar to the reader. When the market is transitioning from a trading range into a trend, it is breaking out. The market is either trending or in a trading range and it is often transitioning from one to the other. 'The introduction to this book will be short and related only to this volume.
