When prices move without such a discernible series, prices are said to be trading side ways in a range or trendless.
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This applies also to trend lines.
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However, on no account exit the market until definitive evidence of trend termination has occurred.
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Let say we are going to make a bet on the toss of a coin.
In statistical language, the probabilities are equal.
As an example, if you were to set a straight forward $300 trailing stop and the security moved in your favor by $1000, you could change your stop to be only $300 behind the price and lock in $700 of profit.