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These charts reflect the past performance in a calculated manner. Two of the most significant chart models in technical analysis are the wedge and triangle charts. The triangle pattern ...
Falling and rising wedge chart patterns: a trader's guide Wedges can offer an invaluable early warning sign of a price reversal or continuation. Learn all about the falling wedge pattern and rising ...
Schematic diagrams of each of the classic forex chart patterns are shown in the image below. Schematic diagrams of triangle, rectangle, flag, wedge and pennant continuation chart patterns.
What is the Ascending Triangle Pattern? The ascending triangle pattern is a bullish continuation pattern frequently observed on exchange rate charts by forex traders using technical analysis.
As you begin to get familiar with technical analysis, you’ll start to see three distinct types of forex chart patterns emerge. While you might be looking for wedges, flags, channels and triangles, the ...
The triangle pattern that is formed here points down and to the right. Falling wedges indicate a higher chance of a price reversal to the upside soon.
Generally, a reverse pattern is considered a trend continuation pattern. Therefore, don’t be surprised if you notice an ascending wedge triangle as a continuation pattern.
Looking at the wedge chart pattern, it's easy to see why it's so popular with traders. This is because it's easy to identify, and therefore has a bit ...
The triangle pattern Characterization: Triangle chart patterns are one of the most resourceful and practically advanced templates in technical analysis.
What is the rising wedge chart pattern? The rising wedge chart pattern is a recognisable price move that’s formed when a market consolidates between two converging support and resistance lines. To ...