Base is price in consolidation movement. Many new trader will trap in this mode. During this period of time, the trader will have to deal with patience and emotion. Another terms can be used to understand is market is resting, collect volume, strength before continue or reversal.

The price moves in range tend to be low volume. No yet clear direction and price will bounces between upper base and lower base range level. Also base can be use to identify supply demand zones. So that, its important and can be use as entry zone , stoploss zone and take profit zone.

This base pattern can be use to identify direction or entry zone. Its better to use in higher timeframe such as H4 and above.