Bearish and Bullish Wedge Patterns
Cập nhật
Generally we see these patterns at the bottom or top of a rally. The market has to be in a prevailing trend for the last many waves. The wedge patterns suggest slow and gradual loss of momentum in the prevailing trend. This is a potential signal that a reversal is on the cards. Wedge formation can also be associated with decreasing volume, which act as another confirmation. A trading opportunity can be seen at the breakdown of uptrendline in a bearish wedge and the breakout of downtrendline in a bullish wedge. A higher volume can be expected at the breaks.
Wedges are not only fruitful in higher timeframes but also on intraday timeframes, especially in high volume instruments.
I hope this would have added knowledge to some of the learners.
Regards
jjsingh
Wedges are not only fruitful in higher timeframes but also on intraday timeframes, especially in high volume instruments.
I hope this would have added knowledge to some of the learners.
Regards
jjsingh
Ghi chú
Ghi chú
Ghi chú
JJ Singh
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.