The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 26
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- 5/22/2020 -
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Symbol Weekly GFI Oscillators Trend Analysis Ranking Technical Candle Watch 
AAPL 318.893.63%81.6076.12 11 41 1 Add to Watch List
AMD 55.171.79%64.5371.44 11 103 1 05/22/20	Bullish  Harami
05/21/20	Bearish  Long Red Real Body
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BMY 60.79-5.15%35.7568.05 12 88 2 Add to Watch List
BWA 29.847.45%84.2057.73 7 92 1 Add to Watch List
DFS 40.476.50%58.7038.43 3 17 1 Add to Watch List
DHI 54.0614.51%86.1064.73 7 83 2 Add to Watch List
EL 178.205.19%77.7353.92 9 46 2 05/20/20	Bullish  Long White Real Body
05/18/20	Bearish  Deliberation
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EOG 52.289.65%79.0550.17 4 42 3 Downtrend Broken Resist.Add to Watch List
EWA 17.344.08%72.4848.90 1 05/18/20	Bearish  Deliberation
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GIS 59.96-4.05%34.6772.93 9 87 1 Add to Watch List

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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