Term:SIDEWAYS MARKET

A technical analysis term meaning a period of ”backing and filling” where a share’s price moves up and down within a tight range bounded on the upside by a “resistance line” and on the downside by a “support line”. A sideways market implies a period of relative uncertainty in the share. Consider the following chart:

Here you can see that this share moved up and down within a range between the upper and lower trendlines (known as resistance and support lines) drawn on the chart.

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