The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 29
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- 5/29/2020 -
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Symbol Weekly GFI Oscillators Trend Analysis Ranking Technical Candle Watch 
^DJI 25383.113.75%78.4563.13 2 Add to Watch List
AAPL 317.94-0.30%73.1378.20 11 29 1 05/27/20	Bearish  Thrusting
05/26/20	Bearish  Long Red Real Body
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BMY 59.72-1.76%23.6265.97 12 90 1 05/28/20	Bearish  Long Red Real Body
05/27/20	Bearish  Thrusting
05/26/20	Bearish  Long Red Real Body
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BWA 32.157.74%78.5663.12 6 92 1 05/29/20	Bullish  Meeting Lines
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DFS 47.5117.40%72.8646.66 3 24 3 05/27/20	Bullish  Long White Real Body
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DHI 55.302.29%73.6869.53 6 87 1 05/28/20	Bearish  Long Red Real Body
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DIA 254.293.84%78.2163.19 2 Add to Watch List
DRI 76.861.63%70.5757.88 6 102 1 Add to Watch List
DVA 80.965.40%46.4062.27 12 61 1 Downtrend Broken Resist.Add to Watch List
EL 197.4710.81%82.0762.95 8 44 2 Downtrend ResistanceAdd to Watch List

How to Trade Rising Wedge Chart Pattern

Rising Wedge Chart PatternA Rising Wedge (or Ascending Wedge) pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.
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