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Technicals

Base

A common chart pattern in finance is the "rectangle" formation, which typically appears after a downward trend. This pattern is characterized by a significant amount of trading happening at a consistent price range. Once this pattern is formed, the market is waiting for an upward breakout to occur, signaling a potential shift in trend. As a knowledgeable finance professor, it's important to recognize these patterns and understand their implications for market movements.

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