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Showing posts with the label descending-triangle-vs-falling- wedge

TRIANGLE CHART PATTERN

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TRIANGLE CHART PATTERN Triangles are a commonly found in the price charts of financially traded assets stocks, bonds, futures, etc. The pattern derives its name from the fact that it is characterized by a contraction in price range and converging trend lines, thus giving it a triangular shape. ascending and descending triangle chart pattern are horizontal trend line drawn across the minor highs and an up-sloping trend line connecting the minor lows form the characteristic triangular pattern. Volume diminishes as   prices bounce between resistance at the top and support at the bottom. A premature breakout gives a hint of the coming action; less than two weeks later, prices break out again and move higher.  ASCENDING TRIANGLE                                                                  The ascending triangle is formed when the market makes higher lows and the same level highs. These patterns are normally seen in an uptrend and viewed as a continuation patt

FALLING AND RISING WEDGE

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FALLING AND RISING WEDGE   WWW.FURTHERGROW.IN   The wedge pattern is a commonly found pattern in the price charts of financially traded assets  like stocks, bonds, futures, etc.. The pattern is characterized by a contracting range in prices coupled with an upward trend in prices known as a rising wedge or a downward trend in prices known as a falling wedge. RISING WEDGE   WWW.FURTHERGROW.IN   THE rising wedge is a chart pattern which is formed in the uptrend of stocks When this pattern is found in an uptrend, it is considered a reversal pattern, as the contraction of the range indicates that the uptrend is losing strength. When this pattern is found in a downtrend, it is considered a bearish pattern, as the market range becomes narrower into the correction, indicating that the correction is losing strength, and that the resumption of the downtrend is in the making.  FALLING WEDGE WWW.FURTHERGROW.IN THE falling wedge is a chart pattern whi