Technical Analysis & Chart Patterns

Rectangle Pattern

A consolidation bounded by roughly horizontal support and resistance, with price oscillating between them.

Test: two or more highs at approximately one level and two or more lows at approximately another, with no convergence qualitative

Resistance

A price level at which selling has previously been sufficient to halt an advance.

Test: price has reversed downward from approximately this level on at least two prior occasions ₹

Technical Analysis & Chart Patterns

Retest

A return of price to a level it has recently broken through, to see whether that level now holds from the other side.

Test: price returns to within a small band of the broken level after the initial breach qualitative

Technical Analysis & Chart Patterns

Rising Wedge

A formation in which both boundaries slope upward but converge, with the lower boundary rising more steeply than the upper.

Test: higher highs and higher lows, with the line through the lows rising faster than the line through the highs qualitative

Technical Analysis & Chart Patterns

Rounding Bottom

A gradual, curved transition from decline to advance over an extended period, with no sharp low.

Test: successive lows form a shallow concave curve over many periods, with volume typically contracting into the base and expanding on the advance qualitative