The Law of Inertia:
The only two things that don’t lie – Price & Volume. They are simply the facts – we may never know why people are buying & selling, but if they are doing it, their actions are surely reflected in price, price is a real- time measurement of worth.
In a consolidation phase, we want to wait patiently for some sort of movement.
The Law of Inertia states that an object at rest or in motion tends to stay that way unless acted upon by some external forces.
Momentum traders believe that price will move in the path of least resistance & that path is defined by the trend in the price.