Just an informational chart chat on what I find interesting about the wedge pattern and its apex and continuing trend lines.
This week NZDUSD opened with a continued push higher followed by consolidation in a symmetrical wedge pattern and the again broke out in continuation to the upside.
What I find interesting is the action at the apex of the consolidation wedge and its extended trend lines.
The apex often signals the endpoint or exhaustion of the extended move as in this example.
Then, as we follow the wedge trendlines further, the price action in this example tends to balance itself along the rising trendline like a magnet first as support then as resistance.
This week NZDUSD opened with a continued push higher followed by consolidation in a symmetrical wedge pattern and the again broke out in continuation to the upside.
What I find interesting is the action at the apex of the consolidation wedge and its extended trend lines.
The apex often signals the endpoint or exhaustion of the extended move as in this example.
Then, as we follow the wedge trendlines further, the price action in this example tends to balance itself along the rising trendline like a magnet first as support then as resistance.
注释
and now the downside trendline from the wedge consolidation comes into play 
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。