Wedge pattern: Rising wedge, falling wedge strategy
Wedge pattern: Rising wedge, falling wedge strategy
Jan 21, 2023
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The Rising Wedge Pattern - ProfitFarmers
The Rising Wedge Pattern - ProfitFarmers
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Forex Vibes on Instagram: "📉 RISING WEDGE PATTERN – Powerful Bearish Reversal Signal 🚨 A **Rising Wedge** forms when the price moves upward but the slope of the highs is less steep than the slope of the lows—showing **weakening bullish momentum**. ✅ **How to Trade It:** 1️⃣ Spot the wedge: Both support & resistance lines slant upward and converge. 2️⃣ Watch volume: It usually decreases as the wedge forms. 3️⃣ Confirmation: Wait for a **breakdown below support** line. 4️⃣ Enter SHORT after the
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