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Symmetrical triangle patterns show that the market is neutral on the stock. If you are looking at a stock chart and see a rectangular shape, you may be looking at a flag pattern. If you see a ...
This moves the stock higher. Technical analysts look for patterns on a chart that can illustrate the leadership is changing. A ‘rectangle pattern' is one of them. Read Also: Bernstein Targets $ ...
The color of the central rectangle (called the real body ... The Hammer is a bullish reversal pattern, which signals that a stock is nearing the bottom in a downtrend. The body of the candle ...