What Happens after a Consolidation Chart Pattern?

A consolidation pattern is a bilateral chart pattern that signals the price is taking a break and 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 and 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 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 upward 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.