AUD/CAD continues to rise inside the well-formed Rectangle chart pattern was previously identified by Autochartist on the daily charts. Autochartist measures the Quality of this Rectangle at the 7 bar ...
The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...
The rectangle tends to be a reversal pattern. I love the pattern because its boundary lines are horizontal, meaning that a successful breakout also resolves the complete congestion zone. The targeting ...
Natural gas prices continue stabilizing around the February low; a Bearish Rectangle chart pattern is brewing on the four-hour chart and keep a close eye for a potential breakout and key levels to ...
I believe the stock market has changed for the better in the past few weeks. Fundamentals are still bearish, but the economic news has been a little better. Most importantly, the technicals have ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...