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Euro / U.S. Dollar

rise wadge formed during a downtrend

By BeastLoneWolf12
A rising wedge formed after an uptrend usually leads to a REVERSAL (downtrend) while a rising wedge formed during a downtrend typically results in a CONTINUATION (downtrend).Simply put, a rising wedge leads to a downtrend, which means that it’s a bearish chart pattern!
Chart Patterns

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