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Trading the Rectangle Candlestick Patterns

Discussion in 'Candlestick Patterns' started by Lily, Oct 24, 2015.

  1. Lily

    Lily Forum Member

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    Rectangle – bullish in an up trend

    When the market is flat, draw a line through the highs and a line through the lows. Buy when the market closes above the straddle. Sometimes, there will be a bull trap and the market will break back into the rectangle and below the support line.

    upload_2015-10-24_16-57-24.png

    upload_2015-10-24_16-57-40.png


    Rectangle-bearish in a downtrend

    Sell when price breaks below support and closes below support

    upload_2015-10-24_16-58-7.png

    upload_2015-10-24_16-58-22.png
     

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