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Rectanglebreak

What is bullish rectangle pattern?The rectangle pattern is a well-known technical analysis pattern that can be a valuable tool for traders. It consists of horizontal lines representing significant support and resistance levels, indicating a period of indecision in the market. This pattern can be effectively traded in two ways: by buying at support and selling at resistance, or by waiting for a breakout from the formation and utilizing the measuring principle. www.google.com 💥 When discussing the bullish rectangle candlestick pattern, we are referring to a chart formation that occurs during an uptrend. It represents a temporary pause in price movement before resuming the upward trend. This pattern signifies a period of equilibrium as the price moves sideways. Once the price breaks out above the upper resistance level, the pattern is considered valid and generates a buy signal. Bullish rectangle patterns are powerful and commonly used in breakout trading strategies. 💥 Conversely, the bearish rectangle pattern is the opposite version of the bullish rectangle pattern. It follows the same formation and rules but occurs during a bearish market trend. 💥 Understanding the key takeaways of the rectangle pattern is crucial for successful trading. Firstly, this pattern indicates a lack of trend as the price fluctuates between horizontal support and resistance levels. Traders have different approaches to trading rectangles. Some prefer to trade within the pattern, buying near the bottom and selling or shorting near the top. Others choose to wait for breakouts, which occur when the price moves out of the rectangle. 💥 It's important to note that the rectangle pattern concludes with a breakout, marking the end of the price's sideways movement between support and resistance levels. 💥 For more insights and daily ideas about market updates, psychology, and indicators, you can follow @QuantVue. If you find their work valuable, remember to show your support by liking, commenting, and following them. By understanding and utilizing the rectangle pattern, traders can potentially enhance their trading strategies and capitalize on the opportunities presented by this classical chart formation.
NASDAQ:AMD
by A1TradingHub
1
📈 How to: Bullish Rectangle PatternThe rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle. 📍Understanding the Bullish Rectangle Candlestick Pattern The bullish rectangle candlestick pattern is a chart formation that appears during an uptrend when prices temporarily pause before resuming their upward movement. It represents a period of temporary equilibrium as the price moves sideways. When the price breaks out above the upper resistance level, the pattern is considered valid, and it generates a buy signal. Bullish rectangle patterns are a type of classical chart pattern that indicate a period of indecision between buyers and sellers. They are common and powerful patterns used in breakout trading. On the other hand, the bearish rectangle pattern is the opposite version of the bullish rectangle pattern and follows the same formation and rules but occurs during a bearish market trend. 💥Key Takeaways: 🔹 The rectangle pattern signifies a lack of trend as the price fluctuates between horizontal support and resistance levels. 🔹 Traders have different approaches to trading rectangles: 🔹 Some choose to trade within the rectangle, buying near the bottom and selling or shorting near the top. 🔹 Others prefer to wait for breakouts, which occur when the price moves out of the rectangle. 🔹 The rectangle pattern concludes with a breakout, marking the end of the price's sideways movement between support and resistance levels. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
MRVL - Breakout Falling Trend Channel🔹MRVL has broken through the ceiling of a falling trend channel in the medium long term. 🔹MRVL has broken the resistance at 52.82 of a rectangle pattern, which signals a further rise. 🔹The short term momentum of the stock is strongly positive, with RSI above 70. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:MRVLLong
by wavepoint99
9202 - Bullish ReversalCompany: ANA Holdings Inc. Ticker: 9202 Exchange: TSE Sector: Air Transport Introduction: Hello and welcome to today's technical analysis. We're turning our attention to the weekly chart of ANA Holdings Inc. (9202) on the TSE, which is demonstrating an exciting Rectangle pattern breakout that could signal a bullish reversal. Rectangle Pattern: The Rectangle pattern is a common chart pattern that can act as a continuation or a reversal signal, depending on the preceding trend and the breakout's direction. In this case, the Rectangle pattern is acting as a bullish reversal signal. Analysis: Over the past 1155 days, ANA Holdings' price movements have formed a distinct Rectangle pattern. The clear touch points and boundaries define the pattern, with the lower boundary at 2117.5 and the upper boundary at 2989. The price has successfully moved above the 200 EMA, and for the first time in 1155 days, we've seen a clear breakout above the upper boundary of the Rectangle. This is a strong bullish signal, suggesting a potential trend reversal. Conclusion: The price target following this breakout is set at 3853, representing a potential rise of 29%. As always, it's crucial to employ risk management strategies and appropriate position sizing when trading based on chart patterns. Please remember that this analysis should not be taken as financial advice. Always perform your own due diligence before trading or investing. If you found this analysis helpful, please consider liking, sharing, and following for more. Happy trading! Best regards, Karim Subhieh
TSE:9202Long
by KarimSubhieh
PPG Industries WCA - Rectangle Reversal PatternCompany: PPG Industries Ticker: PPG Exchange: NYSE Sector: Materials Introduction: Hello and thank you for taking the time to read my post. Today, we analyze PPG Industries' chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." PPG Industries is a global supplier of paints, coatings, and specialty materials, traded on the NYSE under the ticker PPG. Classic Rectangle Pattern: The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines, representing support and resistance levels, over a period of time. It reflects a consolidation phase where the market is undecided about the direction of the trend and can serve as a reversal or continuation pattern depending on the context. Analysis: PPG Industries offers an excellent example of a rectangle pattern serving as a reversal pattern. The overall trend has been bearish since 07/06/2021, with the rectangle emerging as a consolidation pattern during this period. This 399-day-old pattern demonstrates clear touchpoints on both the lower and upper boundaries, which are situated at 107 and 138, respectively. Recently, the price broke out of the rectangle and is now retesting the multi-month resistance-turned-support, suggesting a potential trend reversal. All of that happens above the 200 EMA. Price Targets and Resistance Levels: The price target for this pattern is set at 168.55, which translates to a 22.13% increase from the current level. On the way to the target, we may encounter resistance at a supply zone near 168, which should be monitored closely. Conclusion: The PPG Industries weekly chart showcases a textbook example of the rectangle reversal pattern, indicating a potential trend change from bearish to bullish. As the price has broken out of the rectangle and is currently retesting the former resistance as support, traders should keep a close eye on the development of this pattern. Remember to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:PPGLong
by KarimSubhieh
Marsh & McLennan Companies (MMC) Weekly Chart AnalysisCompany: Marsh & McLennan Companies Ticker: MMC Exchange: NYSE Sector: Financial Services Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the Marsh & McLennan Companies (MMC) chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." Marsh & McLennan Companies is a global professional services firm operating in the financial services sector, traded on the NYSE under the ticker MMC. Classic Rectangle Pattern: The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines, representing support and resistance levels, over a period of time. In essence, it reflects a consolidation phase where the market is undecided about the direction of the trend. Analysis: In the case of MMC, we find a textbook example of a rectangular formation, with several points of contact to the upper and lower boundary. The resistance was at 177.32 and the support at 146.73. The price pattern has formed for 497 days, and now, for the first time, a weekly candle has closed above the resistance level of 177.32. The price is currently retesting the resistance as support, which provides an ideal entry opportunity. The price is clearly above the 200 EMA, implying a bullish environment. Additional Analysis: With the breakout above the resistance level, we should closely monitor MMC's price action for confirmation that the breakout is genuine and not a false breakout. A successful retest of the 177.32 level as support could signify that the breakout is valid, and we may expect the price to move towards the target at 203.53, which represents a ~15% price increase. Conclusion: The Marsh & McLennan Companies (MMC) weekly chart showcases a classic Rectangle Pattern, reflecting a consolidation phase in the market. A breakout above the resistance level and a successful retest as support indicate a bullish scenario. By closely monitoring the price action and support and resistance levels, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:MMCLong
by KarimSubhieh
IS $BNB Buyers finally Ready to Shoot for $440 Or Is BNB Dead?CRYPTOCAP:BNB price is Trading currently within a Busy rectangle range, while battling the resistance range of HKEX:336 to $459. The last 3 attempts to get past 345 have failed and resulted in a temporary pullback and for the fourth time we see the bulls crawling this time back to the same area. with a price range of HKEX:264 to HKEX:397 on the chart. This pattern suggests a potential bullish continuation pattern and a strong bullish pressure brewing in the background, indicating that the current pause is temporary and an upward movement may be imminent on BNB any movement soon. However, it is important to consider the possibility of a bearish reaction of BNB to the top of the box at the HKEX:397 area all the way up to HKEX:440 , which may create breakout pressure. Therefore, caution should be exercised as the price approaches this area, and profits should be protected by moving the stop loss up to breakeven or by using a trailing stop loss. If the bulls succeed in breaking out, the upward move will most likely continue. However, it is important to remain open-minded, as anything can happen at any time. the below signal is best for sport but can be used on futures with a tighter stop loss adjusted to the HKEX:314 range. FREE MT SIGNAL(SPOT TRADE) 👉 ASSET: CRYPTOCAP:BNB (BNB/USDT) 👉 ACTION: BUY 👉 1st ENTRY PRICE: FWB:328 👉 STOP LOSS: HKEX:298 👉 1st TAKE PROFIT: HKEX:396 2nd TAKE PROFIT: HKEX:440 💰 RISK MANAGEMENT: I strongly recommend the use of stop loss, you can use the HKEX:298 for Spot and HKEX:314 for Futures as a point of sell to limit potential losses on in case the trade goes against us as ranges are unpredictable. We also suggest taking profits as the price approaches HKEX:397 to lock in gains. before hitting Target on BNB 440 range in case the bulls get weak on reaction to the box Resistance 🚨 DISCLAIMER: This is not financial advice. Please do your own research before making any trades. We are not responsible for any losses that may occur from following this trade signal.
BINANCE:BNBUSDLong
by MachiavelliTrader
#BHARATFORG Bullish Momentum View!!!!!The Price perfectly respecting the change in polarity level. Weekly & Daily chart showing good momentum.Price breakout the resistance level and after breakout price persisting itself near CIP level & stucked itself in tight range and holds itself near higher levels.Expecting good breakout in coming days.Good opportunity to take long position after breakout of range. After breakout of level 920-- 925 we can see good price moment towards upside. **PRINCIPLE OF CIP** :- Principle of Change in Polarity. According to this principle, whenever support is broken, its role is reversed and it begins to act as new resistance. Similarly, when any resistance is broken, it changes its role and tends to act as the new support level for the price.
NSE:BHARATFORGLong
by Jha_Nidhi
3
Clean setup, Good returnsExtremely clean setup, Breaking the rectangular pattern. Atul Auto went highly bullish , 55% up after braking the consolidation range. This one I hold in my portfolio. Only regret I have is why didnt I add more. Gap is perfect, Weekly resistance level broke with good volume , Breakout came with good volume . Sustaining the breakout with volume , Broke 200 DMA weekly with a gap. What more do you need for entry in this? Accumulation should start for targets of 335, 375, 410 levels.
NSE:ATULAUTO
by RavRutvik
GPBNZD bullish breakoutGBNZD and other GBP Pair lost the most of its value last monday and retrieved its loss very quickly GBPNZD moved down to 1.8133 then wen to 1.9968 thats about1800 pips Non stop loss users know now the important of stop loss feature never open a trade without stop loss never now after this big mevement gbpnzd is out of its range and at the moment we will search only for buy zone i will wait to the broken zone restest and go long with it AT THIS PERIOD great opportunities are presenting but also account killing at the same time please use no more than 2% of your account per trade and do not overtrade
Long
by rabihfx
1
GBP/JPY -26/9/2022-• Rectangle pattern breakout explained • Rectangle pattern can be either reversal or continuation of the prior move • We got a reversal pattern in this case, possibly ending the up trend • A rectangle is defined by a clear support and resistance levels, ideally touching the boundaries more than twice • Rectangle is a trading range, meaning markets are indecisive until the breakout • We often get fake breakouts, which means prices breakout of the rectangle but quickly get back in • Targets for the breakout is usually the height of the rectangle projected from the breakout point • In the case above, we got a breakout at around 159 and the height of the rectangle is around 9. The breakout was to the downside so we subtract 9 from 159, we get a target of 150 and surprisingly it got hit in 2 trading days only • The only question remaining now is; is the breakout going to lead to a long term trend reversal or will prove to be a fake breakout and return back to the rectangle ? • The answer to that should be clearer in the upcoming days
by RamziAbouAbdallah-CMT
GBPUSD Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPUSD currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, Wave (2) has completed and Wave (3) is in progress. The price has just breached the low of Wave (1) and pulled back for a re-test. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 5 (red vertical line), and is projected to form a bottom on May 16th. Based on this, we can expect prices to begin to accelerate lower. The typical target for Wave (3) is a 161% Fib projection of Wave (1), which should push price down near the 1.2775 level. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
5