Technical Analysis: What Is A Wedge?

05/29/2012

Technical Analysis: What Is A Wedge?

There are two types of wedges, rising and falling.

Rising wedge

A rising wedge resembles a symmetrical triangle with a noticeable slant to the upside. A rising wedge is a bearish pattern and can appear in the middle of a downtrend (continuation) or at the end of an uptrend (reversal).

Falling wedge

A falling wedge resembles a symmetrical triangle with a noticeable slant to the downside. A falling wedge is a bullish pattern and can appear in the middle of an uptrend (continuation) or at the end of a downtrend (reversal).

Posted by Better Trader on 05/29/2012 at 11:11 AM in Learn to Trade, Technical Analysis, Technical Patterns | Permalink

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Better Trader

05/29/2012