The rising wedge is a chart pattern used to identify possible reversals.
The pattern appears as an upward-sloping price channel featuring two converging trend lines.
It's usually accompanied by falling trading volume.
Wedges can either form in the rising or falling direction.
A rising wedge is often considered a bearish chart pattern, meaning it indicates a breakout to the downside.
Be careful of a shakeout-fake-out.
It appears as though an Ascending Triangle is hiding in the shadows.
It is very common for whales to accumulate at the bottom of these patterns..
glta
The pattern appears as an upward-sloping price channel featuring two converging trend lines.
It's usually accompanied by falling trading volume.
Wedges can either form in the rising or falling direction.
A rising wedge is often considered a bearish chart pattern, meaning it indicates a breakout to the downside.
Be careful of a shakeout-fake-out.
It appears as though an Ascending Triangle is hiding in the shadows.
It is very common for whales to accumulate at the bottom of these patterns..
glta
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