![]() ![]() The formation can be observed over varying time frames, from a few weeks to several months. Within this pattern, prices continue to register higher highs and higher lows, but the range between these points narrows, indicating a loss of momentum.ĭuration. ![]() This creates a narrowing, wedge-like shape as the lines converge. The rising wedge is characterized by two converging trendlines, both slanting upwards, but with the bottom line being steeper than the top. Here's a deeper dive into its anatomy:įormation & Structure. The rising wedge is a captivating chart pattern frequently observed in the realm of technical analysis, offering traders a visual cue about potential market shifts.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |