Price band: what it means in a reading
In Meridian Engine analyses the band is the first thing that makes a reading checkable: two prices written down with a timestamp, before the market moves.
Updated 2026-10-21
This page explains a term of the method and how to check it against public data. It does not say what to do in any market.
Definition
The price interval, bounded by two stated levels, in which the reading applies.
The two levels are not picked by eye: they come from the structure of the chart, meaning highs, lows and clusters of equal levels, and they are stated with the timeframe they come from.
What it is for
A band turns an opinion into something that can be checked. While price stays inside, the reading describes what is happening. An hourly close beyond a stated level is one of the ways the reading no longer holds, which is why every analysis states the band and the invalidation conditions together.
Two examples from published readings
Price locked in a band of about 100 points, 64,886.5–64,986.9, about 1.3 times the 14-period hourly ATR. One of the three invalidation conditions was price outside the prior day's range: at 02:00 UTC price fell below 64,794.3, the prior day's low, and the reading no longer held, as written.
Band 4,300.1–4,318.9. An hourly close above 4,318.9 would have invalidated the reading. By 21:30 UTC it had not happened, checked on COMEX gold futures.
Read: the reading XAUUSD, 24 September 2026 · all readings on XAUUSD · the reading BTCUSD, 9 August 2026 · all readings on BTCUSD
How to check it yourself
Hourly bars from any public source are enough. After the issue time, look for an hourly close beyond either level. Times refer to the close of the bar, in UTC.
Related terms
Liquidity pool · Sweep · Displacement · Drift · Shelf · ATR (average true range)
Published readings
Three complete analyses, with the conditions written in advance and the outcome checked against public data:
BTCUSD, 9 August 2026 · XAUUSD, 24 September 2026 · BTCUSD, 1 October 2026 (no trade)
Every Meridian Engine analysis records direction, entry, stop, targets and invalidation before the move; the outcome is checked afterwards on the public price series named on each card, losses included. Waitlist members receive one or two analyses a week by email, free while on the waitlist.
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