For Educational Purpose ONLY.
A rising wedge is formed by two converging trend lines when the stock’s prices have been rising for a certain period.
Before the line converges the sellers come into the market and as the result, the prices lose their momentum.
This results in the breaking of the prices from the upper or the lower trend lines but usually, the prices break out in the opposite direction from the trend line.
Depending upon the location of the rising wedges it indicates whether the trend will continue or reverse.
A rising wedge is formed by two converging trend lines when the stock’s prices have been rising for a certain period.
Before the line converges the sellers come into the market and as the result, the prices lose their momentum.
This results in the breaking of the prices from the upper or the lower trend lines but usually, the prices break out in the opposite direction from the trend line.
Depending upon the location of the rising wedges it indicates whether the trend will continue or reverse.
Nota
In this case, I am expecting a bounce from support or some consolidation before it tries to go downside again. #priceAction is King.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.