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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

Base

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

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Secular Trend

Understand the meaning and definition of Secular Trend in the context of stock market, trading, and investments.

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covariance

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

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SAR

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

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Spike

Understand the meaning and definition of Spike 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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