Sideways Trend
Describes the horizontal price movement that occurs when the forces of supply and demand are nearly equal. A sideways trend is often regarded as a period of consolidation before the price continues in the direction of the previous move.
A sideways price trend is also commonly known as a "horizontal trend". Investopedia Says:
Sideways trend is generally a result of the price traveling between strong levels of support and resistance. It is not uncommon to see a horizontal trend dominate the price action of a specific asset for a prolonged period before starting a move higher or lower. Brief consolidation is often needed during large price runs, as it is nearly impossible for such large price moves to sustain themselves over the longer term. Related Terms:
Average Directional Index - ADX
Basing
Consolidation
Downtrend
Resistance
Support
Trend
Trend Analysis
Trendline
Uptrend |