Sideways Trend
In this article lets start with what is Sideways trend ?
Table of Contents
Sideways Trend – Definition
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Sideways Trend Start
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Complex Pullback Vs Sideways Trend
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Sideways Trend End
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Sideways Trend – From the Perspective of Supply & Demand and Trader Decisions
- The defining price swing has established a lower price area (support) at which traders perceive a good buying opportunity.
- Until sentiment changes within the market, price movement towards this area will result in new longs entering the market, and shorts taking profits after having profited from the move down.
- This bullish order-flow will overcome any bearish order-flow and price will rally to remain within the defined range.
- The opposite occurs at the upper price area (resistance) which traders perceive as a good selling opportunity.
- Until sentiment changes within the market, price movement towards this area will result in new shorts entering the market, and longs taking profits after having profited from the move up.
- This bearish order-flow will overcome any bullish order-flow and price will fall to remain within the defined range.
That’s it for the sideways trend and that concludes all the trends in the markets keep practicing all the trends and in next article will discuss about Trend Subjectivity.