The rising wedge and ascending triangle patterns are essential tools that assist the traders in making informed decisions; they help predict the price fluctuations that are integral to any financial ...
When wedges appear on the exchange rate chart for a currency pair, it can indicate to an astute technical forex trader a coming reversal or continuation of the preceding trend. The rising wedge ...
As bullish chart patterns go, the ascending triangle is a good one. Unlike the downward wedge, where a stock that’s trending down is hypothetically approaching a breakout, an ascending triangle ...
Triangle pattern trading is a strategy many day traders use to enter and exit their positions with confidence as prices stabilize. Triangles are a continuation pattern, meaning they’re not marked by a ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...
The wedge formation recently traced on the daily chart of the Russell 2000 Small Cap index is a classic of the genre – I mean, it’s right out of the textbook of chart patterns. It’s a rising wedge -- ...
Throughout Tuesday's trading session, gold futures have been testing the $1721 level and also making higher lows. This is the making of a Ascending Triangle pattern, which according to market ...
Trading in the FTSE 100 remains choppy Ascending wedge near triggering FOMC later today, may have an impact on global stock markets The FTSE 100 has made little head-way in the past two weeks after ...