Showing posts with the label rising-wedge-vs-ascending-triangle


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