Screener of Stock Bearish Rectangle Top
AI Pattern Search Engine (PSE) V2

Operating the Pattern Search Engine is easy and straightforward


  • Set up pattern search criteria
  • Receive patterns in your feed
  • Bookmark patterns to track their status
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$30/month afterwards

How It Works

Trading patterns is one of the most sophisticated trading strategies. It exploits the psychology of market participants, and takes advantage of the knowledge of market insights.If you want to use AI to discover these hidden effects, then Tickeron’s Pattern Search Engine is the tool you need. Using PSE, AI will teach you to recognize patterns and entry and exit points.

Pattern Types and Stats



Rectangle Top

Rectangle Top pattern

The Rectangle Top pattern forms when the price of a security is stuck in a range­bound motion, and it bounces between support and resistance levels. Two horizontal lines are formed (top: 1, 3, 5) and (bottom: 2, 4) as a result. Depending on who gives up first – buyers or sellers – the price can Breakout in either direction.

This pattern is commonly associated with directionless markets. Usually the pattern performs better when there is a strong uptrend leading into the formation.

Trade Idea

If price breaks out from the bottom pattern boundary, day traders and swing traders should trade with a DOWN trend. Consider selling a security short or buying a put option at the downward breakout price level. To identify an exit, calculate the pattern height by taking the difference between the support and resistance levels. Then, subtract the pattern height from the breakout price to estimate the target price.

To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.

Rectangle Top (Bearish)
PTRS Partners Bancorp
Stock
ODDS FOR THIS TICKER: 90%
Jun 25
N/A
11%
21%
Rectangle Top (Bearish)
ALLK Allakos Inc
Stock
ODDS FOR THIS TICKER: 90%
Aug 16
Aug 19
33%
11%
Rectangle Top (Bearish)
KTB Kontoor Brands Inc
Stock
ODDS FOR THIS TICKER: 86%
Jul 12
Jul 16
24%
5%
Rectangle Top (Bearish)
PK Park Hotels & Resorts Inc
Stock
ODDS FOR THIS TICKER: 80%
Aug 12
Aug 17
31%
15%
Rectangle Top (Bearish)
ITCB Itau Corpbanca - ADR
Stock
ODDS FOR THIS TICKER: 75%
Aug 12
Aug 16
30%
17%