Online{2022] Rising Wedge Pattern Bearish {Gratuit}

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Rising Wedge Pattern Bearish. It begins wide at the bottom, where trend lines form, and then the pattern narrows as the price moves higher. Both cases have a different set of observation dynamics which must be put into consideration.

Bear Rising Wedge — ToTheTick™
Bear Rising Wedge — ToTheTick™ from www.tothetick.com

This pattern signals that the price is likely to continue to fall. This price action forms an ascending cone shape that trends higher as the vertical highs. A rising wedge pattern, one of the most popular reversal patterns, helps predict the direction and distance of the next move in prices.

Bear Rising Wedge — ToTheTick™

However, the rising wedge pattern can also fit within the continuation indicators category. No matter whether it is a reversal or a continuation signal, in both cases, the rising wedge indicates increased bearish sentiment. This pattern signals that the price is likely to continue to fall. It sometimes happens that the rising wedge continues the trend.