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Rectangle

A rectangle can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a sharp price movement when price flows into a period of consolidation between 2 horizontal support and resistance levels, each of which is tested at least twice. Bullish rectangles can form after an uptrend, bearish rectangles can form after a downtrend. The pattern has completed when price breaks out in the direction of the prevailing trend, at which point it will likely continue in this direction.

Conservative traders may look for additional confirmation. There are 2 common techniques to estimate the target: either the height of the rectangle or the length of the preceding leg can be extended in the direction of the breakout. Some traders use both techniques and aim for 2 targets. Common stop levels are at the midpoint of the rectangle or just outside of it on the opposite side of the breakout. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart.
andmk2 andmk2 DB, 1D, Short ,
DB: Deutsche bank breaks to the downside
11 0 0
DB, 1D Short
Deutsche bank breaks to the downside

After ranging since Dec 2016, DB has broken its rough rectangle and broken to the downside. Still bearish

FernanEspejo FernanEspejo GBPUSD, 1D, Short ,
GBPUSD: Bearish Rectangle on GBPUSD
28 0 0
GBPUSD, 1D Short
Bearish Rectangle on GBPUSD

Bearish Rectangle is lower highs and higher lows, which is what it looks like to me on this daily chart. Looks like a bearish continuation sign.

andmk2 andmk2 ACA, W, Short ,
ACA: Rectangle on Acacia
22 0 0
ACA, W Short
Rectangle on Acacia

Rectangle forming on Acacia. As it's a downtrend, expect more downside.

JordanWillson JordanWillson AUDCAD, 240, Short ,
AUDCAD: AUDCAD Short Opportunity
34 0 3
AUDCAD, 240 Short
AUDCAD Short Opportunity

Here we have a double top formed on a 4 hour keeping inside a strong bearish rectangle. Level 0.98654 has not been broken and respected perfectly creating this formation, also strong convergence with the RSI and Stoch. If the 50% Fib level is broken at 0.98048 I will be looking at shorting this to around 0.97205 support level. It is also visible that it is being ...

JordanWillson JordanWillson EURJPY, 120,
EURJPY: Very Clear Bearish Rectangle on EURJPY
46 0 1
EURJPY, 120
Very Clear Bearish Rectangle on EURJPY

Here you can see a clear image of a bearish rectangle, showing that the bearish trend halted and began to consolidate. It respected the rectangle perfectly for over 12 days without any large breakouts. As time moved on it was comfortably within the rectangle however at the same time was being squeezed into a bearish pennant. This was a case of waiting patiently to ...

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