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Market Intelligence › Basic Terminologies
The price keeps moving back and forth between the two levels.
Published by The Retail Trader · JUL 31, 2026 · Price Action
Rectangle / Range — Price keeps moving back and forth between two clear levels.
This term comes under Price Action, in the section "LARGE CHART PATTERNS". Several candles together make shapes which have their own names:
Other terms in this group — understanding them together is more useful:
• Double Top
• Double Bottom
• Head and Shoulders
• Triangle
• Flag / Pennant
• Wedge
• Cup and Handle
To read the entire group and all its examples in one place, see the journal "PRICE ACTION: THE LANGUAGE OF THE CANDLE" - this term is taken from there.
This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.