Rising Wedge Chart Pattern Video Lecture - Chart Pattern Trading Learn

good afternoon everyone this is
Christian with perfect stock alert calm
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please refer a friend or I'll hit you in
the face with a brick what I can't I
can't say that today we're going to be
looking at the rising wedge chart
pattern this can be a reversal pattern
or a continuation pattern that basically
means the previous trend before you see
this develop doesn't actually matter you
can see it developing any type of a
train
the rising wage is what it sounds like
it is a wedge formation where the
resistance line is tilting inward and
the support line is also tilting inward
and they're both pointing upward this is
a bearish signal and you want to be very
cautious when you see it typically it
takes three to six months for them to
develop and what you will see here the
reason why they get closer together the
further out they go is because
volatility is decreasing you'll notice
back here substantial amount of
volatility and starts to decrease
alright this is the warning sign that
you're starting to lose that momentum
here you're going to notice and it will
always be the case you have to have at
least two points to include a start up a
bit you have to have at least two points
to highs will each high being higher
than the previous to draw out this
trendline but you would prefer three or
more okay in this case we do have three
on the support line you want to say the
same thing at least two to draw a
trendline
and again you would prefer to see three
all right
the the main thing about this particular
pattern is that when you do get the
breakout where price falls below the
support line and closes below that the
main thing about this is that it's not
so important volume on this particular
pattern it is important on the falling
wedge but not the rising wedge okay
after a breakdown has occurred it's
common to see a
test of that basically price will move
back up to that previous support line
and that's where you'll start to see it
acting as resistance which is aw here
here here that's the secondary entry
opportunity everyone to trade the short
side or if you were long and got caught
in it it would be a secondary
opportunity for you to exit please take
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