Ascending wedge | Extended Market Tndex
Ascending wedge, suggests near end of trend. Before the pull-down price can shoot up above the trend but shall go down. Once the price is clearly bellow the lower trend, theory suggest that price should go down the same magnitude of the beginning of formation.
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.