The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 12
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- 1/27/2023 -
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Symbol View HelpWeekly View HelpGFI View HelpOscillators View HelpTrend Analysis View HelpRanking View HelpTechnical View HelpCandle View HelpWatch View Help
ADP 220.80-6.90%24.5123.98 8 22 2 Add to Watch List
AJG 193.81-0.05%69.6266.88 9 87 3 01/24/23	Bearish  Advance Block
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AMAT 112.502.60%78.5971.63 8 104 1 Downtrend Broken Resist.01/24/23	Bearish  Harami
01/23/23	Bullish  Long White Real Body
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BKR 31.300.74%69.1772.20 5 107 1 Add to Watch List
CVX 179.45-0.80%66.7162.48 5 98 Add 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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Warning: presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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