nosehav

User Name: You need to be a registered (and logged in) user to view username.

Total Articles : 0

A rectangle continuation pattern resembles a rectangle (as its name implies) formed by two parallel to each other resistance and support lines. The bounded by the two trendlines range, or rectangle, represents a consolidation period in which there is a balance between the supply and demand of a currency. The currency price is moving within this bounded range and is likely to continue its original trend upon breakout. If this doesn't happen a transformation from a trend continuation to a trend reversal pattern will occur. read more 1 read more 2 read more 3 read more 4 The height of the rectangle formation, measured from the breakout point, determines the target price. read more 5 read more 6 read more 7 read more 8 read more 9 A bullish rectangle pattern is observed when it is experienced during a bullish trend, where the breakout is on the upside. Accordingly, a bearish rectangle pattern is observed when the consolidation is experienced during a trend of a downward direction and the breakout continues the original trend. read more 10 read more 11 read more 12 read more 13 read more 14