Learn to recognize rising wedge patterns, indicative of market reversals, and explore trading methods to capitalize on this bearish chart signal effectively.
Forex traders often use chart patterns to obtain strategic insights to help guide their currency trading activities. Among the array of available chart patterns used in technical analysis, the wedge ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Khadija Khartit is a strategy, investment, and funding expert, and an educator ...
Dogecoin's (DOGE) price fell after reaching a high of $0.307. Dogecoin's price trades inside an ascending wedge pattern. Can Dogecoin bounce, or will it go down the rest of September? Dogecoin’s ...
Avantis and Aster reached all-time highs on Sept. 21 and 22. Avantis trades inside a long-term ascending wedge pattern. Aster broke down from an ascending parallel channel. Avantis (AVNT) and Aster ...
Natural gas extended its sharp correction Wednesday to a new pullback low of $4.46, confirming the 20-day average as ...
Solana now risks a 40% drop against Ethereum, with the breakdown of a multi-month rising wedge pattern dampening near-term Solana price forecasts. This shift comes despite Solana’s 13% gain in May, ...
A key price pattern has emerged on bitcoin’s BTC $108,033.92 price chart, hinting at a potential pullback ahead. The cryptocurrency has rallied from $60,000 to new record highs above $70,000 in less ...
A rising wedge pattern is developing on Ether’s daily chart versus Bitcoin, increasing the likelihood of a breakout move by New Year’s. One of the main reasons behind a potential ETH/BTC rally is its ...
Pepe (PEPE) coin’s price has dropped by approximately 35% two weeks after establishing a record high of $0.00001725. Nonetheless, a slew of technical, on-chain, and fundamental signals show a ...
Mega-cap tech stocks have led the market, but VGT's heavy concentration in Apple, Microsoft, and NVIDIA poses risks if their charts turn bearish. VGT is not a diversified fund; nearly 60% of its ...