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Rectangle pattern

has formed a rectangle pattern, A rectangle pattern is a consolidation pattern where price moves sideways between a clear support and resistance level. It forms when buyers and sellers are temporarily in balance, creating a trading range. The pattern is confirmed when price breaks out above resistance or below support with strong volume. An upside breakout signals potential bullish continuation, while a downside breakout signals bearish continuation. Traders often set targets by measuring the height of the rectangle and projecting it from the breakout point.