Contracting IVR and Channel formation

NASDAQ:HON   Honeywell International Inc
The start of September IVR picked up and we can see a series of red candles within that same time range. Now as IVR settles back down to its stable range then there should be less dramatic movement in the stock price.

Should price continue within the current range then being able to play with price between the two values would be a manageable trade with appropriate trade execution.