Perfect example of a choppy market (consolidation)
Market's do not trend all the time. After a strong trend in either direction, the market goes into consolidation mode where it chops between a range for weeks to months trapping both sides.
It is best to sit on the sidelines as getting the direction right in such a situation doesn't provide the best risk:reward
It is best to sit on the sidelines as getting the direction right in such a situation doesn't provide the best risk:reward
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