The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 40
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- 1/7/2022 -
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^GSPC 4677.03-1.87%51.8071.52 4 Add to Watch List
AAP 238.09-0.75%62.7773.93 3 110 2 Add to Watch List
ABBV 134.88-0.38%70.9785.67 6 63 3 Add to Watch List
AJG 165.34-2.55%45.6970.02 5 49 1 Add to Watch List
AME 142.38-3.17%56.2478.03 7 79 1 Add to Watch List
APD 297.41-2.25%41.1160.95 9 93 1 01/06/22	Bearish  Long Red Real Body
01/04/22	Bullish  Homing Pigeon
01/03/22	Bearish  Long Red Real Body
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ARE 209.00-6.26%28.7963.69 10 76 3 Add to Watch List
ATVI 64.04-3.74%57.8731.54 2 6 2 01/06/22	Bearish  Long Red Real Body
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BXP 125.639.07%82.0669.40 10 76 4 Downtrend Broken Resist.01/03/22	Bullish  Long White Real Body
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CINF 118.644.13%71.0539.47 5 57 Downtrend Broken Resist.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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