But traders use the rectangle pattern to identify potential trades. For example, after falling nearly 90% when the Internet bubble burst, Cisco Systems (NASDAQ: CSCO ) formed a year-long rectangle ...

Narnolia Financial Advisors Basics of Technical Analysis: Part 16 The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance.

The market has been forming a rectangular chart pattern with a slight upside bias since bottoming at $1453.10 on November 12. The two higher bottoms at $1456.60 and $1463.00 and the two higher ...