Rectangle patterns tend to be both reversal and continuation patterns. This classic setup begins with price moving sideways between parallel support and resistance levels, forming a clear trading ...

A rectangle pattern is a graphical illustration of a consolidation or a trading range. The power of the bulls and the bears is equal. Neither side is in control. This price action may indicate ...

The rectangle pattern, also known as the trading range pattern, is different. It indicates that a stock is stagnating or consolidating and is not likely to move much in either direction.

The current support level stands at $2.26, while resistance is set at $2.55. This rectangular trading pattern highlights market indecision, with investors awaiting a breakout in either direction.