All language subtitles for 6. Rectangles--- [ DevCourseWeb.com ] ---

So this is idea 1.6 and we will be talking about rectangles here.

OK.

So rectangle can be both a reverse of a continuation range and this is similar to the diagonal channel

of trone really around.

Except that it's flat.

It's a horizontal one.

So it's basically

something like this

should be easy for you to identify.

Most people are familiar with the horizontal rectangle range.

OK.

That's me be continuation or still.

One thing I wanted to let you guys know is that the longer prices contain within this range the more

powerful the breaker will be.

OK so that's like some charts.

All right let's get into some exercises.

Identify the Rangers.

Do we have here.

This is from the previous Montu the broadening the descending but in which Right see how easy it is

for the train.

It's just what these patterns and what happened here.

It's signaling or reversal.

OK.

So here's a big rectangle one that stick to this Mondial right there.

Jane inhalator models you will understand why I don't use this as the top of the range simply because

this is a fake move.

This right here is where true supply sits right.

Why is that so.

Because simply on on the daily it's just a weak.

So we should always find and draw a line that is able to connect most of these high.

So what happens here uptrend

right after a big move look at how many bullish candles form your candles.

One two three four five six and 10.

Bryce has to stop.

Remember it has to regain its momentum.

It has to get more players in love and at this range it could decide where they wants to go up or down.

K what gives us a clue to the direction the appetite.

So simple as that.

So in the bigger picture

on the weekly where simply sitting on a

diagonal channel.

So if been trading the daily charts

and we arrive at where this ranges you still may trade off the tops and bottoms of the range.

But just keep in mind that on the upward timeframe we're near the supply area.

Okay we're on the top of this line here men like this

say if you just look up one time frame you can have a better view of the overall market direction.

Let's identify a more extended release.

Okay.

Remember it may not be perfect outside.

There you go.

This is one

surprise with the upside of turn here and start here trying to pick its direction and notice at the

end this range before it breaks up.

There is another range at Triangle.

Remember triangle's going to give us a clue to where prices will break out.

This is an outstanding triangle.

So it gives us a clue that is me breaking the upside.

There may be a trend within a range where there may be a range within the range and different timeframes.

Here's another one.

This is not as long as the previous ones

so big up trend here.

What happens price needs to stop regain its momentum get more players in.

And then trend again.

Okay okay.

Most of the time it's always trend range and then trending again.

There you go.

This is still a valid range although price made a fake out here slightly.

All right.

So that covers this model of rectangular ranges.