Moving side-ways to generate orders on either side of the consolidation band. Creating liquidity to tap into so as to efficiently trade.
Consider what the average person is thinking to be happening - probably something like 'looks like a double bottom - can only go up from here'. In goes their orders with a stop loss somewhere beneath in a 'safe place' outside of the noise (maybe a derivative of ATR etc).
Same goes for the other side of the trade - short trend followers look at this as a pause/pullback, enter their positions and set protective stops..
Then comes the sweep outside of the ranges and the dominate players reveal their cards (as in a high volume move in one of the directions).
Guessing which direction it will be requires some experience and a keen eye for stacking the signals but even then there are unavoidable odds working against you I guess. I have no sentiment because I personally cannot see much with clarity, just a handful of reasons for it to go a little lower to an important level to test.
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