What Happens after a Consolidation Chart Pattern?

A consolidation pattern is a bilateral chart pattern that signals the price is taking a break & the buyers & sellers in the market are yet to decide on which side the market will move - this shows that there is a tug of war between the 2 & neither side can gain control of the market.

This consolidation chart pattern can continue for some time until eventually one side of the market wins & a new trend forms in the direction of the market to which the consolidation price break out moves to.

If the price breaks out to the upward side then the trend is considered to be a bullish upwards trend.

If the price breaks out to the downwards side then the trend is considered to be a bearish downward trend.

Traders can decide which side of the consolidation to trade once the price break-out happens & not before the price breakout.