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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.
nicklikestuna nicklikestuna ARDRBTC, 240, Long ,
ARDRBTC: ARDR Rectangles
47 0 3
ARDRBTC, 240 Long
ARDR Rectangles

Currently in a higher rectangle - potential attempt at a higher base - bulls could be looking to exhaust sellers either through attrition or price movement one way or the other. Would not be surprised to see a break below the rectangle or at least another move down to yellow major support before a move higher. Resistance is almost futile at this point, but it is ...

chewg74 chewg74 KLSE, D, Short ,
KLSE: Malaysian KLCI breaking down ...
22 0 5
KLSE, D Short
Malaysian KLCI breaking down ...

Things are not looking too good for the Malaysia Bourse, short term at least. Breakdown of a rectangle signals a down trend. Unless it morphes. Which it may. =) #KLSE #KLCI

Xalvia Xalvia PRO OMGUSD, 360,
239 4 4

OMGUSD Setup Target 1 @ 12.69 Beyond that, the moon.

Xalvia Xalvia PRO DLTR, 5D,
DLTR: DLTR Setup and Target
11 0 3
DLTR Setup and Target

DLTR structure. This can fly if it clears 92.23. Target @ 348.95. Stops @ 65.61.

TamirHa TamirHa JNJ, D, Long ,
JNJ: JNJ - New all time high
29 0 5
JNJ, D Long
JNJ - New all time high

JNJ is at new all time high on nice earning out of trading range with impruving volume

victormcastanonc victormcastanonc PRO USDJPY, D, Short ,
USDJPY: USDJPY 1D Elliot, Trend Lines, Rectangle SHORT
55 0 5
USDJPY 1D Elliot, Trend Lines, Rectangle SHORT

USDJPY 1D Elliot, Trend Lines, Rectangle SHORT Price moving down to finish wave "4" made through a descending corrective triangle in its wave "e" to around TP 108.00

TAJIR_B TAJIR_B UK100GBP, 240, Long ,
UK100GBP: uk100 - can we hold here?
11 0 1
UK100GBP, 240 Long
uk100 - can we hold here?

- historical support - weekly pivot - rsi oversold territory looking for the middle zone

NATGASUSD: NGAS - near reistence
65 0 5
NGAS - near reistence

near resistance, the coming days will tell the true , waiting .

Akil_Stokes Akil_Stokes PRO EURGBP, D,
EURGBP: EURGBP - Consolidation Lead to Expansion
1370 32 43
EURGBP - Consolidation Lead to Expansion

The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is IF Price action breakouts out to the ___ side THEN where is it likely to continue to. Doing so will allow me to see if there is enough potential profit (with limited ...

JasperForex JasperForex PRO USDCAD, 240, Long ,
USDCAD: USDCAD: a Continuation Play on the Loonie
4352 26 40
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 ...

TamirHa TamirHa GD, D, Long ,
GD: GD - Out Of Trading Range
45 0 1
GD, D Long
GD - Out Of Trading Range

Simple Setup GD made a new all time high with nice momentum price tested previus resistance now support at 205 as long as price above 200 and trendline the trend is up

bluff1919 bluff1919 PRO KO, W, Long ,
KO: long
13 0 2
KO, W Long


paryas paryas PRO XRPUSD, 60, Long ,
XRPUSD: Rectangle Top: XRP ready to breakout?
211 0 6
XRPUSD, 60 Long
Rectangle Top: XRP ready to breakout?

Seems XRP is travelling in a Rectangle Top pattern (sideway channel) and ready to break out.

AByfield AByfield MCHP, D, Long ,
MCHP: MCHP Pullback
37 0 4
MCHP, D Long
MCHP Pullback

MCHP Pullback KL: 87.50 SL: 85.00 TP: 100.00

bluff1919 bluff1919 PRO HL., W, Long ,
HL.: long
17 0 2
HL., W Long


bluff1919 bluff1919 PRO EXC, W, Long ,
EXC: long
8 0 2
EXC, W Long


bluff1919 bluff1919 PRO INTC, W, Long ,
INTC: long Intel
35 0 2
INTC, W Long
long Intel

Ascending triangle monthly, weekly rectangle pattern acting like a launching pattern and now a daily correction which is o good opportunity to find an entry

bluff1919 bluff1919 PRO ALEX, W, Long ,
ALEX: long
12 0 2
ALEX, W Long


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