Saturday, July 13, 2024


A Rectangle is a chart pattern with two horizontal trend lines that act as clear support and resistance levels

Each trendline needs to contain at least two tops or bottoms.


rectangle is known as a consolidation pattern and indicates that the war between bulls and bears is raging. Prices have consolidated into a range.

Rectangle Pattern

In both uptrends and downtrends, volume is more likely to fall as the pattern completes its formation

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