Rising Wedge
How to trade Rising Wedge pattern?
Wedge patterns are chart patterns that resemble symmetrical triangle patterns in that trading takes place across a wide price range at first before contracting as trading progresses. Even though wedge patterns can serve as reversal signals, they differ from symmetrical triangles in that they have a considerable bias toward being either bullish or bearish for rising wedges. In this chapter, we'll look at the rising wedge pattern and how it predicted a bearish turn.
Name: | Rising Wedge |
---|---|
Forecast: | continuation Pattern |
Trend prior to the pattern: | Downtrend |
Opposite pattern: | Falling Wedge |
Accuracy rate: | 92% |
Technical Analysis: Candlestick Trading For Beginners
This course will teach you how to utilize Japanese candlestick patterns to predict market turns.
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