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Graphic pattern "Rectangle"-Графический паттерн "Прямоугольник"


 Rectangle




The rectangle shape (range, corridor, consolidation) on the chart is formed from horizontal support and resistance lines. The quote falls into the range after strong price impulses. The longer the price is in the range, the higher the probability of breaking the border.


The universal "Rectangle" pattern can portend both a reversal and a continuation of the current trend. It looks like a side corridor in which the price chart is consolidating, limited by horizontal support and resistance levels. It is recommended to trade in the direction of breaking through the pattern - if the price closes above the resistance level - buy, if the price closes below the support level - sell. The purpose of working out is the height of the pattern (H) in points.




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