![]() The chart below shows how a falling wedge looks like. The two wedges are usually seen as bullish and bearish, respectively. There are two types of wedge patterns, which include falling and rising wedge.Ī falling wedge is simply defined as a continuation pattern that is formed when a price fluctuates between two downward sloping and converging trendlines.Ī rising wedge, on the other hand, is a bullish chart that happens when the fluctuates between two upward sloping and converging trend lines. Unlike other candlestick patterns, the wedge forms within a longer period of time, between hours and days. What is a wedge pattern? Falling & Rising WedgeĪ wedge pattern is a triangular continuation pattern that forms in all assets such as currencies, commodities, and stocks. How traders can use the rising wedge pattern. ![]()
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