Diamond_Chart

price action patterns you need to know ( part 4 )

Education
PHEMEX:BTCUSDT   BTC / USDT Spot Trading Pair
hi my friends , i'll share with you some patterns which can help you in trading ( part 4 )

Falling Wedge appear in downtrend and it indicates that the sellers are losing momentum in the market, and the buyers are gaining momentum ( long ) you can go long after the break or the retest of the trendline .

rising Wedge appear in uptrend and it indicates that the buyers are losing momentum in the market, and the sellers are gaining momentum ( short ) you can go short after the break or the retest of the trendline

note : Usually we find there is a divergence in the RSI indicator and this can be used as confirmation .

please support me with like and follow me for more ideas .


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.