If you do not see a pattern of HH HL or LH LL, but instead you see
sideways price
movement with no obvious
general up or down direction to it, then you are probably looking at a range - bound market or one that is simply chopping back and forth.
During the secular bull market years of the 1980s and 1990s, the
general slope of the advance matched that of the 1940s and 1950s, and now the
sideways movement is proceeding roughly according to the script.