The sideways trading action in the market over the past month has led many people to become «bored» with only minor double digit movements (I get a chuckle out of that) and less people are interacting than before.
What we have seen happen since then is down draft followed by
sideways trading action, suggesting the sector has been in a consolidation mode.
Not exact matches
This
sideways price
action has come with lower
trading volumes, particularly over the past month or so.
Since Christmas, soybean futures have been
trading with mostly
sideways rangebound price
action.
Wednesday is the day when it became clear to all (well, those who look at their charts anyway) that the Greenback was vulnerable to opposing currencies since price
action on Greenback pairs began to clearly diverge, with the Greenback winning out against the comdolls while losing out to the euro and the safe - havens and
trading roughly
sideways against the pound.
Never
trade this pattern in a period of market consolidation (flat /
sideways price
action).
However, the uptrend was preceded by choppy,
sideways price
action that also resulted in losing
trades.
Unfortunately, there were also bouts of choppy,
sideways price
action that resulted in a bunch of losing
trades.