Sideways Day

  • Today, the price is stagnant, as both buyers and sellers refrain from trading. This type of session usually occurs before the release of a major economic report or news event or before a trading holiday.

  • There is no trade facilitation and no directional conviction.

  • The initial balance is rather narrow, which indicates the potential for a Double-Distribution Trend Day. However, the initiative buying or selling required for a Double-Distribution Trend Day never enters the fray, which leaves the market quiet for the rest of the session.

  • The Trading Range Day and Sideways Day sound similar, but the difference lies within the participation levels of both buyers and sellers.

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