NON-TRENDING

Non-trending is the general tendency of elements in a series to move sideways, as opposed to up or down. This does not imply a flat horizontal, line. There will be rises and falls, but the rise does not exceed an upper limit (see resistance) nor does it fall below a lower limit (see support). The term is usually applied to prices over time. When there is a general tendency up or down, it is called trending.

Complete defintion with example graph (in a new browser window).