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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.
Mr_Guapo Mr_Guapo ZRXUSD, D, Short ,
ZRXUSD: ZRX/USD to touch 0.786 region of Fibonacci ?!
189 3 4
ZRXUSD, D Short
ZRX/USD to touch 0.786 region of Fibonacci ?!

ZRX showing a descending pattern, I believe as BTC goes to 6500$ we will see ZRX touch the 0.786 Fibonacci region! This Fibonacci was made taking in count the all time high and all time low of ZRX. So I believe that it will reach the 0.85$ price area.

JasperForex JasperForex USDCAD, 240, Long ,
USDCAD: USDCAD: a Continuation Play on the Loonie
6436 26 50
USDCAD, 240 Long
USDCAD: a Continuation Play on the Loonie

Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy ...

ShyHots ShyHots BTCUSD, 60,
BTCUSD: BTC Price Projection
91 0 3
BTCUSD, 60
BTC Price Projection

Bullish scenario shown in green. BTC forms a Symmetrical Triangle and goes up. Bearish scenario shown in red. Rising wedge plays out, and BTC continues its venture down.

forex-trading-analysis forex-trading-analysis AUDNZD, 60, Long ,
AUDNZD: AUD/NZD Consolidation Breakout Long
59 0 2
AUDNZD, 60 Long
AUD/NZD Consolidation Breakout Long

We are expecing the pair to break out of consolidation range with the trend. Looking to go long on breakout.

TwiztdPickle TwiztdPickle BTCUSD, 60,
BTCUSD: Pesky BART & BTC
80 0 2
BTCUSD, 60
Pesky BART & BTC

Figured I'd do a little comparing here... so the strongest of the Bart Formations in the past few weeks, I went back to May 23rd just in the sense of working quickly. But it seems that these formations are 11hours in length at the shortest, and can last up to nearly a whole day. NOW, the last 2 successive Barts, and arguably the strongest in the past weeks, were ...

Bolivar_CC18 Bolivar_CC18 FTCBTC, 1D, Long ,
FTCBTC: Continuación de tendencia
47 0 1
FTCBTC, 1D Long
Continuación de tendencia

Arriving at a main support and volume zone.

Justinwjolly Justinwjolly XPTUSD, 1W, Long ,
XPTUSD: Platinum spot long
84 2 3
XPTUSD, 1W Long
Platinum spot long

-19 Month horizontal range with price at lower boundary -15 Week descending channel -Bollinger band squeeze on the 4hr 20 basis points of risk

JRP2017 JRP2017 OSTK, 1D, Long ,
OSTK: Consolidating since April
7 0 0
OSTK, 1D Long
Consolidating since April

Could get squeezy up in here. Recent volume looks to be in favor of the Bulls. Sitting on top of 50 and 20 MA

DMTradingBG DMTradingBG GBPJPY, 60, Short ,
GBPJPY: Quick, but profitable - GBP/JPY [Short term, Intraday]
57 0 1
GBPJPY, 60 Short
Quick, but profitable - GBP/JPY [Short term, Intraday]

Hello traders, Here is a short term trading plan on the GBP/JPY which is already set in motion. You can view the whole trading plan on our Youtube channel. I expect for the plan to fulfil itself by either the end of the day or tomorrow. I wish everyone good luck and a profitable day! :)

jaimeklein jaimeklein ONTBTC, 240,
ONTBTC: Various continuation patterns
79 0 0
ONTBTC, 240
Various continuation patterns

Pennants, flags, consolidation zone (rectangle) and bullish channels

RobertSoos RobertSoos XAUUSD, 1W, Long ,
XAUUSD: Gold at weekly support, RR points to buying opportunity
132 0 3
XAUUSD, 1W Long
Gold at weekly support, RR points to buying opportunity

Key points: -USD (DXY) weakening needed -Bond yields capped (US 10yr below 3-3.1%) - negative risk sentiment

TwiztdPickle TwiztdPickle BTCUSD, 240,
BTCUSD: BTC, Next Stop $8k
69 0 2
BTCUSD, 240
BTC, Next Stop $8k

I've been studying a LOT lately, a lot being relative because I am working on the other side of the world and away from home. SO I've just gotten through a lot of the basic formations and what I'm seeing is a rectangle pattern that has formed. IF I am correct, I suspect that the continuation (being equal to the leg that it started on) will end us up to about ...

Hetherington22 Hetherington22 BTCUSD, 60,
BTCUSD: Sorry, This publish is for a record, account tests & Development
17 0 1
BTCUSD, 60
Sorry, This publish is for a record, account tests & Development

Sorry, This publish is for a record, account tests & Development If these keep showing in your feed, I have 42 to publish a record of and will get through them as quick as, it won't take to long, if it does get to frustrating `for you, send me a pm and I can change the category to something else that you aren't following so it does show on your feed any more, ...

stefan010 stefan010 BTCUSD, 240,
BTCUSD: Boring bitcoin part 2
107 1 2
BTCUSD, 240
Boring bitcoin part 2

I am not sure, but i think we could see another boring weekend. First a boring thursday, friday we could see a bounce and after that a boring weekend!!!!! Two options, triple bottom or rectangle and we are going down! I am new, so correct me if i am wrong about this chart! Grtz.....

hupseb hupseb BTCUSD, 1D, Long ,
BTCUSD: Bitcoin, Oversold Rectangle, Long term RSI, Support Zone
92 0 1
BTCUSD, 1D Long
Bitcoin, Oversold Rectangle, Long term RSI, Support Zone

I believe that there is a support zone, see transparent area between ~5600 and ~7100. Additionally, there is a clear rectangle movement. This could either point to a breakout or to a total kill of the bitcoin hype. Let's hope the first ;) The green fat lines are in which I am long. The red fat lines are in which I am short.

sgarciafx sgarciafx AUDNZD, 240, Long ,
AUDNZD: $AUDNZD
100 0 2
AUDNZD, 240 Long
$AUDNZD

...

GekkoFX GekkoFX AUDNZD, 60, Long ,
AUDNZD: AUDNZD, H1, buy - support stops price
32 0 2
AUDNZD, 60 Long
AUDNZD, H1, buy - support stops price

Reason to trade: Support stops price Stop Loss: Setup will be active as long as current support stops the price (~1.09090) Take Profit: Possible take profit areas are last highs (~1.09433; ~1.09930)

kylew.eaton kylew.eaton USDCNH, 240, Long ,
USDCNH: USDCHN Long Setup
15 0 1
USDCNH, 240 Long
USDCHN Long Setup

The double top I published before acted more like a cup and handle and is now testing the top resistance for a third time in a short time span. If it breaks resistance it could have an easy path to the 1.618. Entry: 6.40211 Profit: 6.46618 Stop: 6.36799

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