Rising Wedge Pattern is a trend reversal chart pattern that that indicates gradually decrease in market momentum.
if it is traded with confluence like a supply or resistance level then Winning probability of this setup will increase.
Flags and Pennants Pattern
We will now analyse the flags and Pennants Pattern, two other Patterns of the technical analysis. Flags and Pennants are short-term continuation patterns ; are among the most reliable Patterns and they represent “short breaks” (not longer than 20 sessions) during a Trend, before the Trend continues to go in the initial direction. Let’s...
BASIC MODELS OF THE CONTINUATION OF THE TREND’S MOVE
Graphic configurations which will be studies in this chapter are called the models of the trends continuation. These models usually mean that the period of the price stagnation indicated on the graph is just a pause in the main trend development and that the direction of the trend will be the same after they...