July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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Consolidation and Its Meaning
Consolidation is likely to be associated with or part of a correction, or price movement against the direction of the primary trend. So a correcting secondary trend may begin and then settle into a period of consolidation. The interruption in price movement is a natural part of the primary trend, because the driving force (buyers in uptrends or sellers in downtrends) does not present unchanging levels of interest. Consolidation is a period in which all market participants pause to decide whether to close old positions, open new positions, or take no action.
Key Point
Consolidation often is associated with price correction or rebalancing of supply and demand. However, the consolidation trend can last several months ...
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