Rectangle Channel Chart Pattern bearish rectangles are continuation patterns that occur when a price pauses temporarily during a downtrend – they offer you a selling opportunity. ... you place your profit target the same distance below the rectangle's original support level as the distance between the rectangle's two parallel lines.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.