Flat can be considered a synonym for consolidation. Both terms mean movement within a price range without a noticeable jump.
At the same time, consolidation is usually called a lull in prices after a rapid growth or decline of the market, that is, it is preceded by a pronounced trend.
A flat is a long time period of market conditions during which the price cannot determine the direction of further movement.
Most often, consolidation can be observed when trading on the eve of important economic and political news or on the eve of intervention in trading on a whale asset.
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