The market is usually classified into three different trends.
- Sideway trend
1) An UPTREND is when the market makes a series of higher Peaks and Troughs.
2) A DOWNTREND is when the market makes a series of declining Peaks and Troughs.
3) A SIDEWAY-TREND or often called a Period of Consolidation is when the market is moving sideways (forming a channel). Price moves in a flat Horizontal pattern. This shows equilibrium. forces are on par with each other and nullify.
It is suggested not to trade in such a TRENDLESS market because most of the tools that we use are based on calculations of trends. There is a high chance of a false signal getting generated in such a trendless market. Waiting for a break (and maybe retest of the channel S&R ) should be a wiser idea.
//Healthy discussion is really powerful. Let's start one in the comments. Feel free to through in your ideas//