The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bullish continuation pattern.
RF is showing interesting structural developments at $27.6. Currently at $27.6, the asset is showing upward momentum (0.25%). Price action has carved out a classic Rounding Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $28.73, targeting $32.74 with support near $26.72 (R:R 2.0).
What is your outlook on RF?