Online{2022] What Is A Rising Wedge In Stocks {Gratuit}

What Is A Rising Wedge In Stocks. The rising wedge chart pattern is basically known as a bearish stock pattern that begins with a bottom and contracts trading range. The rising wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows.

Textbook Bearish Rising Wedge Hewlet Packard (HPQ) Green Faucet
Textbook Bearish Rising Wedge Hewlet Packard (HPQ) Green Faucet from greenfaucet.com

Usually, a rising wedge pattern is bearish, indicating that a stock that has been on the rise is on the verge of having a breakout reversal, and therefore likely to. It is formed by two converging bullish lines. The illustration below shows the characteristics of the rising wedge.

Textbook Bearish Rising Wedge Hewlet Packard (HPQ) Green Faucet

A rising wedge is a bearish chart pattern (said to be of reversal). This chart pattern can be seen as a bearish reversal pattern after an uptrend or as a trend continuation pattern during a downtrend. As the name implies, a rising wedge slopes upward and is most often viewed as a topping pattern where the market eventually breaks to the downside. The rising wedge pattern, also known as ascending wedge, can be incredibly reliable and has the potential to generate profits if traded correctly.

More articles :