Rectangles combine the ideas of support and resistance into a single chart pattern. When prices encounter a resistance level, they often fall. At support levels, prices often find a short-term bottom.
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, ...
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CEAT shares signal near-term weakness; check the pattern and details
India, Jan. 22 -- CEAT Ltd, after a phase of sideways consolidation in recent sessions, has formed a rectangular channel ...
A bull trend is formed when demand exceeds supply, and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of ...
The market has been forming a rectangular chart pattern with a slight upside bias since bottoming at $1453.10 on November 12. The two higher bottoms at $1456.60 and $1463.00 and the two higher tops at ...
The Bitcoin market continues to see a lot of sideways action, as we are waiting for the next fundamental reason for the market to rally. The Bitcoin market has pulled back just a bit during the early ...
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