What Is the Wedge Pattern and Its Common Characteristics? 1. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant. a. Wedge with an upside slant is called a rising wedge b. Wedge with downside slant is called falling wedge 2. It has declining volumes as the pattern progresses 3. It breaks out from one of...
NSE:VBL VBL Wedge breakout with close above the Wedge resistance. Target around 830 previous high. RSI and MACD is also gaining strength.
Break of 11510 support, will lead to a fall towards 11450, 11370. Bounce off from 11510 support will lead to 11565, 11612. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views are...
What makes the chart interesting today is that: . BTCUSD challenging the Wedge's UpTrend. . A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas. . A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top. Will the BTC see an downside breakout against the USD? No one knows it! We...
We can see a rising wedge formation in the daily charts look keenly for breakout.