Ger30:Technical analyis review
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.