Bullish Rectangle

The Bullish Rectangle is a pattern seen when two parallel trendlines (support, resistance) connect the recent lows and highs of the price which encapsulate price fluctuations Interpreting the Bullish Rectangle A buy signal is implied by this indicator when the price fluctuation goes above the Resistance line.  Formula T = R + H Where: T – Target Price R – Resistance Level H – Pattern’s Heit.

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