Ascending wedge measured move3/17/2024 ![]() ![]() For a rising wedge, you may consider entering a short (sell) position when the price breaks below the lower trendline, which signals a potential trend reversal. It is very important to determine your entry and exit points before entering the trade. ![]() False signals can occur, so look for clear and distinct trend lines with multiple touchpoints. You should always double-check your analysis to ensure the rising wedge pattern is valid. Draw these trendlines on the chart to visualise the pattern better. Look for at least two higher highs and two higher lows that form the trendlines of the wedge. Traders should use technical analysis to identify the rising wedge pattern on the price chart. What to consider when trading the rising wedge?
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |