|Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.|
|A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.|
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
# 1 The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
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|Stock Chart Patterns.
Price chart is the result of activity of all market
participants. It reflects periods of high expectations,
greed and fear. As most emotional human activities, it
presents different patterns. Chart analysis and pattern recognition provide
useful information for technical analysis, trend analysis and market
timing signals for technical trading.
Trendlines and chart patterns can be analyzed in different time
frames: from intraday, daily and weekly frames, up to
multi-year patterns. It is the best practice to
analyze patterns in conjunction with other technical
Each price pattern is formed by several smaller sub
waves. At least 3 – 4 sub waves are required to perform
a reliable pattern screening. We use minimal required number of sub
waves for an earlier pattern recognition screener. On the other
hand, pattern formed with more sub waves is more
Pattern screener - chart analysis and stock chart pattern recognition with chart patterns screening.
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