A broadening wedge is a chart pattern where price action forms higher highs and lower lows, creating a widening structure. There are two main types:
Broadening Ascending Wedge – Bullish bias (eventually breaks up).
Broadening Descending Wedge – Bearish bias (eventually breaks down).
Key Characteristics:
Appears during high volatility.
Shows increasing price swings.
Often found in both continuation and reversal scenarios.
Can fake out both bulls and bears, so risk management is crucial.
Broadening Ascending Wedge – Bullish bias (eventually breaks up).
Broadening Descending Wedge – Bearish bias (eventually breaks down).
Key Characteristics:
Appears during high volatility.
Shows increasing price swings.
Often found in both continuation and reversal scenarios.
Can fake out both bulls and bears, so risk management is crucial.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.