Rectangle pattern Consists of
Up trendline + strong resistance
in order to know where the price will go next just check where the price will break first
* if the resistance is broken : you can wait for a good retest and enter a buy trade as this will help in having a small stop loss
* if the tendline is broken also wait for a retest to enter sell or you can wait for the final higher low to be broken to confirm the movement to the downside
Up trendline + strong resistance
in order to know where the price will go next just check where the price will break first
* if the resistance is broken : you can wait for a good retest and enter a buy trade as this will help in having a small stop loss
* if the tendline is broken also wait for a retest to enter sell or you can wait for the final higher low to be broken to confirm the movement to the downside
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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.
Disclaimer
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.