How Do I Interpret Rising Wedge Chart Pattern?

How Do You Trade Rising Wedge Chart Pattern?

How Do I Interpret Rising Wedge Pattern?

The rising wedge chart pattern forms during an upward trend and this rising wedge chart setup displays that the upward trend direction is going to continue - the rising wedge pattern is a continuation setup.

Rising wedge setup displays that there is a price resistance level that the buyers keep pushing - every time moving this price resistance level higher, & once this price resistance level breaks - the price will continue moving in an upwards trend.

How Do You Interpret Rising Wedge Pattern?

Rising wedge chart pattern overhead resistance temporarily prevents the price from advancing and moving higher, while the ascending trend line beneath the rising wedge chart setup displays that buyers are still present.

An upside price penetration of the upper rising wedge chart pattern line is interpreted as buy signal - forex price out from an rising wedge pattern.

Rising Wedge setup is found within a upward trend - the rising wedge chart pattern forms as a consolidation period within the upward trend & this continuation chart pattern shows an upside trend continuation will follow.

How Do I Interpret Rising Wedge Chart Setup?

The price formed an rising wedge pattern during its upward trend move and this rising wedge chart pattern led to an upside continuation of the price as shown on above example after a price breakout upward. The buy signal is generated when the price moves above the upper sloping rising wedge chart pattern line after which the price continues moving upwards - forex upwards trend continuation.

How Do You Interpret Rising Wedge Chart Setup?