Online{2022] Rising Wedge Pattern Meaning {Gratuit}

Rising Wedge Pattern Meaning. The rising wedge is a technical chart pattern used to identify possible trend reversals. The rising wedge pattern is a very common formation that appears in any market and timeframe.

Rising Wedge Pattern Meaning, Downtrend, Uptrend, Success
Rising Wedge Pattern Meaning, Downtrend, Uptrend, Success from www.adigitalblogger.com

The rising wedge pattern can both be a reversal or continuation pattern. The major difference between the two patterns is that ascending triangle has a horizontal resistance line. Both the patterns can be traded through breakout of the pattern or pullback to the broken zone.

Rising Wedge Pattern Meaning, Downtrend, Uptrend, Success

The lower line is the support line. The lower line is the support line. The rising wedge chart pattern is a recognisable price move that’s formed when a market consolidates between two converging support and resistance lines. Both the patterns can be traded through breakout of the pattern or pullback to the broken zone.

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