Hey guys this is a very short educational post on two of the most commonly found chart patterns in the market. These are often mistaken and confused even by experienced traders. Here we have a rising wedge and a bearish triangle both are bearish in nature. However one is a reversal pattern and the other is a trend continuation pattern
Example of a wedge


Example of a bearish trianlge

I hope you guys found this beneficial. Next time we shall talk about bullish variations of these two patterns with examples.
Cheers
Example of a wedge
Example of a bearish trianlge
I hope you guys found this beneficial. Next time we shall talk about bullish variations of these two patterns with examples.
Cheers
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.
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.