Browsing Tag

reversal pattern

A Guide to Trading Ascending and Descending Triangles

Belonging to classic technical analysis patterns, ascending and descending triangles are great patterns to use on the currency market. They have many advantages, such as being visible and easy to spot and interpret. Before presenting a short guide to trading such triangles, it is essential to ...

Rising and Falling Wedges in Technical Analysis

Belonging to classic technical analysis patterns, wedges come in two shapes: rising and falling. The saying goes that a rising wedge is falling and a falling wedge is rising, highlighting the bearishness and bullishness of the pattern. A wedge is a terrific reversal pattern. It forms when ...