lauralea

Cup and Handle Rising Wedge Falling Wedge

Long
NYSE:KSU   Kansas City Southern
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3
KSU fell from the bearish rising wedge
( NSC and UNP have both taken a brief dip out of their own rising wedges .) KSU fell a bit further than those 2, but it is not over yet I guess

Now KSU has broken upper trendline of a bullish falling wedge .
Falling wedges are almost always bullish if price breaks up and out
Rising wedges are almost always bearish eventually, but can be very long term patterns. If you are in a stock rising in a RW , just keep an eye on bottom trendline. In order for the rising wedge pattern to be valid, price has to break down through the bottom trendline
The same for a FW

FWs and RWs differ from pennants in that it takes at least 3 weeks to form a wedge pattern
They differ from triangles in that both trendlines slope in the same direction
They differ from flags due to the slope of a wedge and the apex.
Not a recommendation
Comment: Overbought on RSI