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Rectangularity and Rectangle

noun

  • The property of being shaped like a rectangle.
(n.) The quality or condition of being rectangular or right-angled.

noun

  • A parallelogram with four right angles. .
  • (n.) A four-sided figure having only right angles; a right-angled parallelogram.
  • (a.) Rectangular.

Rectangle is a trading area bounded by horizontal, or near horizontal, lines. It can either be a reversal or continuation pattern, depending on the breakout.