The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 25
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- 1/8/2021 -
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Symbol Weekly GFI Oscillators Trend Analysis Ranking Technical Candle Watch 
COST 369.94-1.82%48.2149.38 4 21 2 Add to Watch List
CTXS 130.850.58%39.5053.00 9 33 2 Add to Watch List
EFA 75.733.80%85.0486.49 2 Uptrend ExhaustionAdd to Watch List
EWQ 34.473.64%82.3586.09 4 Uptrend ExhaustionAdd to Watch List
FXE 114.800.05%60.9881.00 2 Add to Watch List
FXF 102.96-0.01%58.8179.23 6 Add to Watch List
FXY 90.82-0.70%41.1266.05 3 Add to Watch List
GPN 206.32-4.22%59.2878.38 9 52 3 Add to Watch List
GRMN 121.981.94%71.8582.86 7 116 3 Add to Watch List
HLT 114.162.61%79.0075.31 7 65 01/08/21	Bearish  Deliberation
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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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