rectangle chart pattern Olymp Trade

What is the continuation pattern? Daily Trading Strategies

Continuation Pattern is the common name for patterns that predict prices will continue to follow the current trend if a pattern appears. Patterns commonly used are the Triangle Pattern, the Flag Pattern, the Pennant Pattern, and the Rectangle Chart Pattern.

Rectangle Chart Pattern Fixed Time Trade Olymp Trade

Rectangle Chart Pattern: Trading formation for Fixed Time Trade

A Rectangle or Box is a continuation pattern that indicates a chart price where sell and buy seem fairly balanced in a period of time. The asset price moves in a tight range, seeking support at the rectangle’s bottom and hitting the resistance at the rectangle’s top.