As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs...
Learn about the three most effective chart patterns to use in your forex trading this year, including the head and shoulders pattern, bull and bear flags, and triangles. Learn how to maximize your profits with these patterns and make the most of your for
Wedge–is the relative of symmetrical triangle, only differs with incline. Wedge relates tocontinuation patterns, but it is formed against the trend. There are two types of wedge:fallingandrising wedge. Falling wedgerelates to bullish model. To form it, at least two (ideally three) resistance ...