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, ...

The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Unlike evolved technical analysis, which relies on indicators such as ...

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 ...

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 ...

Chart expert Gianni Di Poce wants traders to be able to identify and understand chart patterns for many reasons. One that he highlighted during Benzinga's recent Stocks & Options 101 Boot Camp: "there ...

The rectangle tends to be a reversal pattern. I love the pattern because its boundary lines are horizontal, meaning that a successful breakout also resolves the complete congestion zone. The targeting ...

The stock market is a constant tug of war between buyers and sellers. When this tension finally breaks, the resulting surge of momentum can lead to some of the most profitable and exciting trades an ...