Technicals

Line Formation

A horizontal chart pattern, commonly referred to as a "rectangle", is characterized by a tight price range and minimal price swings. This creates a line that can be drawn across the chart, hence the name. This pattern signifies a balance between supply and demand, making the eventual breakout a significant indicator of the next move's direction.

Related terms

Advances vs. Declines

Understand the meaning and definition of Advances vs. Declines in the context of stock market, trading, and investments.

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Point value

Understand the meaning and definition of Point value in the context of stock market, trading, and investments.

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Gann square

Understand the meaning and definition of Gann square in the context of stock market, trading, and investments.

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Rally or Reaction

Understand the meaning and definition of Rally or Reaction in the context of stock market, trading, and investments.

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Money flow index

Understand the meaning and definition of Money flow index in the context of stock market, trading, and investments.

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Candlestick Charts

Understand the meaning and definition of Candlestick Charts in the context of stock market, trading, and investments.

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