Stop would be mid rectangle whichever way rectangle breaks/above or below MR
Targets listed for up and for down
A rectangle pattern is not completed until a break out has occurred
A Rectangle is a continuation pattern that forms as a trading range during a pause in the trend. The pattern is easily identifiable by two comparable highs and two comparable lows. The highs and lows can be connected to form two parallel lines that make up the top and bottom of a rectangle . Rectangles are sometimes referred to as trading ranges, consolidation zones or congestion areas.
I have noticed sometimes a stock breaks out of rectangle only to return to it..IE Visa
Not a recommendation
Targets listed for up and for down
A rectangle pattern is not completed until a break out has occurred
A Rectangle is a continuation pattern that forms as a trading range during a pause in the trend. The pattern is easily identifiable by two comparable highs and two comparable lows. The highs and lows can be connected to form two parallel lines that make up the top and bottom of a rectangle . Rectangles are sometimes referred to as trading ranges, consolidation zones or congestion areas.
I have noticed sometimes a stock breaks out of rectangle only to return to it..IE Visa
Not a recommendation
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