Rectangles combine the ideas of support and resistance into a single chart pattern. When prices encounter a resistance level, they often fall. At support levels, prices often find a short-term bottom.

The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Unlike evolved technical analysis, which relies on indicators such as ...

Rectangles combine the ideas of support and resistance into a single chart pattern. When prices encounter a resistance level, they often fall. At support levels, prices often find a short-term bottom.