Online{2022] Ascending Wedge Pattern Bullish Or Bearish {Gratuit}

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Ascending Wedge Pattern Bullish Or Bearish. The rising (ascending) wedge pattern is a bearish chart pattern that signals an imminent breakout to the downside. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines.

The "Bearish Rising Wedge" Pattern
The "Bearish Rising Wedge" Pattern from tradinggods.net

This is where our chart pattern screener on the ai platform is useful. The ascending triangle has a flat top with higher lows or a rising trendline, while the rising wedge doesn’t have a flat top. In any case, def keep your eyes on this wedge trend to see if we either break up or dizzown.

The "Bearish Rising Wedge" Pattern

The upper line is the resistance line; The rising wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. Depending on the unfolding scenario, the signal is interpreted as follows: The rising wedge is a bearish pattern and follows the major bearish trend, while the descending triangle is a bullish pattern.

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