The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Unlike evolved technical analysis, which relies on indicators such as ...
A. A chart pattern is a visual representation of price movements. When data is plotted, a pattern naturally occurs and repeats over a period of time. In short, they are geometric shapes found in ...
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Technicals: Alcoholic beverages stock turns weak after channel breakdown
The Stock after a phase of sideways consolidation in recent sessions, has formed a rectangular channel pattern on its 2-hour chart, with a downside breakout indicating a potential bearish continuation ...
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