Consolidation is a good sideway area to wait for a break up or down to open positions
Traders with scalping strategies (scalper traders) with a price pattern that consolidates "sideway" they use to take more profit than when the candle moves in a trending state.
so trueusually consolidation can also be called base if in the science of supply and demand.and most traders using supply and demand use this base as a reference for entrybut good base / consolidation is in a large timefram such as h4 daily
Consolidation is the direction of finding new prices or often termed sideway. After the trend goes up or down ends usually there will be an indication that the trend is over and will look for a new price direction and this is called price consolidation.Can be called consolidation if the stock previously has an uptrand or downtrand pattern.All we have to do is Wait and see because it is not yet known where the price will go.
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