Basing is a chart pattern used in technical analysis that shows when demand and supply of a product are almost equal.
It results in a narrow trading range and the merging of support and resistance levels.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.