Chart pattern · Continuation · Neutral
What is it, in one line
Price oscillates between two roughly parallel support and resistance lines before breaking out.
Neutral · Continuation · verdict: Traditional claim, not yet measured here
Price oscillates between two roughly parallel support and resistance lines before breaking out.
Method
Conventional target: A breakout projects a move equal to the rectangle’s height.
Invalidated by: A close back inside the range after a breakout invalidates that break.
Traditional claim, not measured
This is the standard technical-analysis interpretation. It has not been tested against our dataset the way the candlestick formations have.