What is a Sideways Trend ?
A sideways trend is when there is an equal balance between buyers and sellers, thus the price moves up and down between two levels. There is no real strength for a trend to continue in either direction.
During a sideways trend there will be strong resistance and support levels. To break these levels you will need a substantial push either up or down.
Consolidation: The yellow lines are in a consolidation phase.
Trend: The blue lines are trend phase.
Sideways trend: the Pink lines
