====== 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). 

[[https://www.investopedia.com/terms/s/sidewaysmarket.asp|investopedia.com/sidewaysmarket]] \\
[[https://www.cmegroup.com/education/courses/technical-analysis/trend-and-continuation-patterns.html|cmegroup.com/trend-and-continuation-patterns]]