RISING WEDGE (BEARISH PATTERN)
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The RISING WEDGE PATTERN is a technical chart pattern used to identify possible trend reversals. the pattern appears as an upward- sloping price chart featuring two converging trendlines. it is usually accompanied by decreasing trading volume. Breakout confirmed once it break support trendline goes downward.
RISING WEDGE PATTERN WITH CANDLESTICK CHART VIEW 👇👇(click on below image for clear chart view)
Note : It's important to note that the RISING WEDGE &FALLING WEDGE pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
FALLING WEDGE ( BULLISH PATTERN)
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The FALLING WEDGW PATTERN is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. when this pattern is found in a downward trend, it is considered a reversal pattern, breakout confirmed once it breaks resistance trendline and goes upward direction.
FALLING WEDGE PATTERN WITH CANDLESTICK CHART VIEW 👇👇(click on below image for clear chart view)
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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