Sideways Trend - Definition A sideways trend comprises a series of price swings existing within the range of a significant upper resistance area and a significant lower support area . The range support and resistance boundaries (range lower and upper boundaries) may be formed from either higher timeframe S/R and/or significant trading timeframe swing highs or lows
Ex:
A sideways trend starts when four trend turning points (Swing High and Swing Low) develop within the range of a previous price swing.
The sideways trend ends when as price breaks the high or low defining the sideways trend.
Ex:
A sideways trend starts when four trend turning points (Swing High and Swing Low) develop within the range of a previous price swing.
The sideways trend ends when as price breaks the high or low defining the sideways trend.
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I’ve taken a break from my public community engagements to focus on raising my three kids, but I'm rediscovering my passion for working again. Stay connected, as I plan to return and rejoin my old communities with a lot of new skills one day soon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.