0_public:chart_pattern:rectangles
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| 0_public:chart_pattern:rectangles [2024/11/08 19:43] – removed - external edit (Unknown date) 127.0.0.1 | 0_public:chart_pattern:rectangles [2024/11/08 19:43] (current) – ↷ Page moved from chart_pattern:rectangles to 0_public:chart_pattern:rectangles pointnm | ||
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| + | ====== Rectangles ====== | ||
| + | * when the market is consolidating (price is unable to break out of a defined range since neither buyers or sellers can move price beyond a certain price) | ||
| + | * consistent highs and lows | ||
| + | * price will tend to exit the consolidation in the same direction that it entered | ||
| + | * channel-like formation | ||
| + | * pattern can last for a long time (no real rule for the maximum length of this pattern) | ||
| + | * a.k.a. Sideways Market | ||
| + | |||
| + | ICE Brent has continued to trade sideways this week as the market awaits a decision from the OPEC+ meeting this weekend (4 June). | ||
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| + | [[https:// | ||
| + | [[https:// | ||