Most folks just think of investments as things that go up or down (and even then hopefully just up).
But the fact of the matter is, any asset can have a long period of time where it trades in a sideways range, bouncing between a high and low.
Recognizing these ranges from a chart pattern is a good way to find short-term trades. It may not be the big grand slam of catching a major move up or down, but it can give you consistent profits time and again.
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These types of patterns occur in the markets all the time. They’re known as consolidation patterns, and they tend to keep a position from making a major move for a while it’s ready to continue moving in the trend it was moving in before—whether up or down.
That makes them a great way to find profitable future trades, although it may take more time to play out than other chart patterns.