In my previous blog ‘Now a Triangle Can Let You Stay in the Race of Trading – Recognise the
Patterns!’ I have discussed how someone can predict, evaluate and calculate
the price patterns that will eventually benefit them in understanding the
numbers and figures. In the previous blog, it was all about the Triangle Pattern; how it can be
calculated and how it provides the result.
This is Porschay Persh, a trading consultant running a private trading club
called Priscillian Order to add a value to the investment of the investors who
are looking for a secure but profitable trading alternative. All the studies in
the struggling period and the extended experience have taught me to make use of
technology and that’s why I use AI and pattern recognition method in my trading
club and suggest others to use it as well.
This post is a continuation of elaboration
of the patterns I have discussed in my former blog post. While that was about
Triangle, this would be about Rectangle and how the most profitable trading club
can educate you with the patterns!
Rectangle:
While the triangle showed the support and
resistance level coming closer and a chance of intersection, Rectangle, on the
other hand, shows where the two levels run parallel to each other. Although the
pattern looks dissimilar to the patterns of the triangle the behaviours in
breakout and risk management looks quite akin to the triangle patterns.
A rectangle shows a period of association
or uncertainty between consumers and vendors as they take turns throwing
punches but none has taken possession of.
There are two kinds of rectangles you may
find in terms of the pattern recognition method.
Bearish Rectangle
A bearish rectangle is fashioned when the
value joins for a while throughout a downtrend. This typically occurs since the
vendors perhaps require to stop and catch the breath earlier than taking any
pair lesser.
Bullish Rectangle
In a bullish chart pattern, after an
uptrend, consolidation of the price surprisingly stop for a little instance.
Here the price doesn’t stop going up even after breaking the top of the
rectangle pattern.
I, Porschay
Persh, have been running the private trading club named Priscillian Order
from quite a time and offer consultation and trading services for my investors.
People associated and connected to my trading club have been trading happily
and call Priscillian the most profitable
trading club since I use the AI and Pattern Recognition Method and assure
the return on their investment.
If
you have a thought to hike your savings, then do not hesitate to avail the
international trading club by your side. Contact directly to me on +61450036632
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