Trading range refers to the price levels within which a financial asset or security moves over a period of time. In other words, it is the range between the highest and lowest prices of an asset within a specific period. A trading range can be established in different time frames, from short-term to long-term, and can help traders determine potential buying and selling levels. Traders can use technical analysis tools, such as support and resistance levels, to identify a trading range and make trading decisions based on the expected price movements within the range.