Jan 18, 2021
Short Rectangle in Black Pattern
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Short Rectangle in Black Pattern
Rectangle Channels
“Rectangle Channels” are continuation patterns. Rectangle channel breakouts in the trend direction are more reliable than breakdowns against the trend. Rectangle channels form more in the beginning stages of longer-term trends. A base building before a clear trend run is a very reliable pattern. “Rectangle” channel tops are rarely formed compared to the channel “bottoms.” Intermediate trend…
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