BULLISH RECTANGLE PATTERN (BULLISH)
(click on the above image for candlestick chart view)The BULLISH RECTANGLE is a continuation pattern that occur when a price pauses during a strong trend and temporarily bounces between two parallel levels before the trend continue, breakout confirmed once it break its resistance & goes in upward direction.
BULLISH RECTANGLE PATTERN WIHT CANDLESTICK CHART VIEW 👇👇
(CLICK ON ABOVE IMAGE FOR CLEAR CHART VIEW)
Note : It's important to note that the RECTANGLE pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
BEARISH RECTANGLE PATTERN
(click on the above image for candlestick chart view)
The bearish rectangle is a continuation pattern that occurs when a price paused during a strong downtrend and temporarily bounces between two parallel levels before the trend continues, breakout confirmed once it breaks its support and goes in downward direction.
BEARISH RECTANGLE PATTERN WIHT CANDLESTICK CHART VIEW 👇👇
(CLICK ON ABOVE IMAGE FOR CLEAR CHART VIEW)
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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