So, we are going to tell you about this one in this class where there are two types of wedge chart pattern. This class is about falling wedge chart pattern. So if you want to make money with this chart pattern, you should keep attention to this class!
However, there is no chance to be missed any easy description to make you understand if you don't miss it yourself !!!
When price makes consolidate between resistance and support by downward slope, a rising wedge pattern is formed. You have to notice well that the upper line(resistance) will be more downward than the down line(support). It is usually a bearish chart pattern which may give a strong down trend with the same height of the pattern or it may goes down more.
We always say that the more important is identify a chart pattern instead of trading it. Because, wrong identification may lead you to loss.
So listen our lecture very carefully at our each class!
A falling wedge chart pattern is a bullish chart pattern. If you found it in a down trend, you may expect for a reversal. On the other hand, if you found it in a up trend, You may expect for continuation the trend.
However, don't make your expectation very high! For this reason, try to follow your risk management rules strictly.
If you like or dislike our class, you may write to us, so that we can improve and make helpful more for you.
Okay, We are going to next class, join us !
- Double top chart pattern
- Double Bottom chart pattern
- Head and shoulder chart pattern-Introduction
- Head and shoulder
- Inverse head and shoulders chart pattern
- Inverted head and shoulder
- Symmetrical Triangles
- Ascending Triangle
- Descending Triangle
- Flag
- Pennant
- Rising Wedge
- Falling Wedge
- Rectangular
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