Short-Term Outlook The series of higher-bottoms and higher-tops are helping to give the February Comex gold market an upside bias, and the elongated rectangular pattern inside a triangle chart ...

Ascending triangles are bullish ... while a bearish flag slopes up following a drop. Rectangle patterns tend to be both reversal and continuation patterns. This classic setup begins with price ...

Over longer periods, the pattern becomes a rectangle or triangle. As shown in the figure below, ICFI is moving above the resistance area near $24.50 after consolidating for more than a week.

The first upside target for the pattern lies at 199.59 (blue shaded rectangle), the 61.8% Fibonacci extrapolation of the height of the triangle (at its widest point) higher. The pair has pulled ...

An analyst from Master Capital said that HDFC Bank has registered a breakout from a well-defined rectangle consolidation pattern, indicating a bullish continuation of its prevailing uptrend.