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| PDF Title : | Trade Chart Patterns Like The Pros |
|---|---|
| Total Page : | 293 Pages |
| Author: | Suri Duddella |
| PDF Size : | 5.7 MB |
| Language : | English |
| Rights : | surinotes.com |
| PDF Link : | Available |
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Trade Chart Patterns Like The Pros – Book
“Rectangle” patterns are continuation patterns showing indecision in trader’s sentiment about bullish and bearish conditions. “Rectangle” patterns are reliable patterns and the direction of the breakout/breakdown is known prior to the rectangle formation. These patterns are continuous and follow in the same prior direction (Up or Down) after the pattern formation.
“Rectangle” formations are bound by two horizontal trend lines, where prices oscillate between the “highs” and “lows.” The prices must intersect these trend lines at least twice before a breakout or breakdown can result. The volume within the pattern is usually quiet and increases during the breakout/breakdown stages.
Trade Chart Patterns Like The Pros PDF
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