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YuyuCoyotte

Ascending broadening wedge

Short
Bitcoin (BITSTAMP:BTCUSD)  
YuyuCoyotte  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD downtrend short Ascending Broadening Wedge
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trendanalysis chartpattern indicator btcusd downtrend short ascendingbroadeningwedge
Ascending broadening wedges are reversal chart patterns that are formed by a bullish widening channel. Here, forex trading volumes increase during the formation of the wedge.

A break through the support line provides a good sell signal, with a first price target that is equal to the chart pattern's low.

www.forex-central.ne...broadening-wedge.jpg
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