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vanathi
Jul 21, 2017 9:40 AM

Pattern Series 1 - Rising Wedge Pattern! Education

ADANI PORT SPECIALNSE

Description

Price range is narrowing now forming a rising wedge pattern. Rising wedge is a bearish pattern. Price range is wide in the bottom and narrows when price moves higher. Volume will decline as prices rise and the price action forms a wedge. Price will fall when the support is broken.

Comment

Here is an example!
Comments
Neeta-doifode
Nice observation
vanathi
@Neeta-doifode, Thank you...
RAJ7722
Defiantly it is downside if broken, it has to broke because price is declining
vanathi
@rajendraamilineni, right
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