How to calculate
Bullish Rectangle: T= R + H
where:
T - target price;
R - resistance level (pattern's top)
H - pattern's height (distance between support and resitance).
Bearish Rectangle: T = S - H
T - target price;
S - support level (pattern's low);
H - pattern's height (distance between support and resistance).
Note: apply for trend continuation only.
Bullish Rectangle: T= R + H
where:
T - target price;
R - resistance level (pattern's top)
H - pattern's height (distance between support and resitance).
Bearish Rectangle: T = S - H
T - target price;
S - support level (pattern's low);
H - pattern's height (distance between support and resistance).
Note: apply for trend continuation only.
