The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 34
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- 9/10/2021 -
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^GSPC 4458.58-1.69%59.8581.36 2 Add to Watch List
ABT 128.80-0.11%74.8184.81 9 106 3 Add to Watch List
ADI 169.944.62%58.6363.16 8 57 3 09/08/21	Bullish  Doji
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AIG 54.44-1.20%61.9779.40 10 83 5 Add to Watch List
ALGN 720.67-0.12%76.9681.66 9 95 2 Add to Watch List
AMP 266.73-2.06%49.8175.36 10 81 2 Add to Watch List
BAC 40.27-1.90%36.2063.87 10 67 2 Add to Watch List
BK 51.91-3.75%25.3966.96 10 81 09/10/21	Bearish  Long Red Real Body
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CAG 33.09-1.19%51.1225.53 3 16 Add to Watch List
CCL 22.75-0.91%46.7940.51 5 40 09/09/21	Bullish  Piercing Line
09/07/21	Bullish  Piercing Line
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How to Trade Rising Wedge Chart Pattern

Rising Wedge Chart PatternA Rising Wedge (or Ascending Wedge) pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.
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