The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 23
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- 10/16/2020 -
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Symbol Weekly GFI Oscillators Trend Analysis Ranking Technical Candle Watch 
ACN 230.050.59%70.1054.25 8 44 Add to Watch List
CCL 14.08-10.26%25.4931.30 10 37 4 10/15/20	Bullish  Meeting Lines
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DAL 31.47-4.08%55.7559.04 11 36 3 10/16/20	Bullish  Ladder Bottom
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EFX 163.34-0.57%72.7438.56 11 33 1 Add to Watch List
EWJ 58.90-0.94%50.1176.19 6 10/13/20	Bullish  Doji
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EWU 25.67-2.65%49.7534.06 4 Add to Watch List
FISV 101.22-3.70%47.1260.86 8 46 1 Downtrend Broken Resist.10/15/20	Bearish  On Neck
10/13/20	Bearish  Long Red Real Body
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FXE 110.27-0.91%49.4754.50 3 Add to Watch List
FXY 89.660.11%57.5864.16 4 Add to Watch List
HPQ 19.601.19%74.9570.09 8 40 2 10/13/20	Bearish  Dark Cloud Cover
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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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Warning: presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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