📌 What is the Rising Wedge Pattern?
The rising wedge is a bearish chart pattern found at the end of an upward trend in financial markets. It suggests a potential reversal in the trend. It is the opposite of the bullish falling wedge pattern that occurs at the end of a downtrend. Traders recognize the rising wedge as a consolidation phase after a medium to...
What Is the Wedge Pattern and Its Common Characteristics?
1. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant.
a. Wedge with an upside slant is called a rising wedge
b. Wedge with downside slant is called falling wedge
2. It has declining volumes as the pattern progresses.
3. It breaks out...
What makes the chart interesting today is that:
BTCUSD challenging the Wedge's UpTrend.
A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas.
A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top.
Will the BTC see an downside breakout against the USD?
No one knows it! We have to...
I have explained about Rising Wedge Patterns on this Tutorial in detail.
Rising Wedges are bearish pattern and it generates bearish signal; Rising Wedge Patterns forms with Higher Highs and Higher Lows.
Rising Wedge pattern basically forms in two shapes ; If rising wedge pattern forms in an uptrend it will make reversal and if rising wedge pattern forms in a...
In the previous educational post, i posted about Rising Wedge patterns and in this post i have explained about Falling Wedge Patterns. (Falling Wedge is opposite of Rising Wedge pattern; for every chart patterns there are opposite patterns excluding some.)
Falling Wedges are Bullish Patterns and it generates bullish signal, Falling wedge patterns forms with Lower...
