The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...
Breakoutscan generally offer some of the higher potential risk/reward setups, allowing traders to keep stops tight relative to potential profit target. One very popular way of doing so is by trading ...
The rectangle tends to be a reversal pattern. I love the pattern because its boundary lines are horizontal, meaning that a successful breakout also resolves the complete congestion zone. The targeting ...
Gold prices are trading higher late in the session on Friday after posting a wild two-sided trade throughout the session. The U.S. Dollar is trading higher, stocks are trading mixed to higher, and U.S ...
GBP/AUD continues to rise inside the daily Rectangle chart pattern which was earlier identified by Autochartist. Autochartist rates the quality of this Rectangle at the 7-bar level – which is the ...
A. A chart pattern is a visual representation of price movements. When data is plotted, a pattern naturally occurs and repeats over a period of time. In short, they are geometric shapes found in ...
Natural gas prices continue stabilizing around the February low; a Bearish Rectangle chart pattern is brewing on the four-hour chart and keep a close eye for a potential breakout and key levels to ...
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