Wedge Pattern

The Wedge pattern can be either a continuation pattern or a reversal pattern, depending on the type of wedge and preceding trend. There are 2 types of wedges indicating price is in consolidation. 1) rising wedges where price is contained by 2 ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: the lows climb faster than the highs. These wedges tend to break downwards. 2) Falling wedges where price is contained by 2 descending trend lines that converge because the upper trend line is steeper than the lower trend line. In other words: the highs fall faster than the lows. These wedges tend to break upwards.

Conservative traders look for additional confirmation of price continuing in the direction of the breakout. The target can be estimated by the technique of measuring the height of the back of the wedge and extending it in the direction of the breakout. A common stop level is just outside the wedge on the opposite side of the breakout.
nottsy nottsy EURUSD, 240, Short , 14 hours ago
EURUSD: Rising Wedge - Shorting the Euro
110 0 8
EURUSD, 240 Short
Rising Wedge - Shorting the Euro
Volume is going down, while the price is going up. The RSI hasn't been able to even touch oversold and is stuck in a range, while the price is going up. Clear divergence on both and it is bearish. To me this Euro price action has been a healthy pullback and I am expecting this wedge to break to the downside. When ...
A.Sankar A.Sankar AUDNZD, D, Long , 2 hours ago
AUDNZD: Long opportunity
633 0 1
AUDNZD, D Long
Long opportunity
price is ranging between support and resistance levels, nice breakout of the wedge , retracing at 50% fib level ,good to go long .. good luck
investigator investigator PRO BTCUSD, W, 4 hours ago
BTCUSD: BTC WEEKLY CHART: "The Panic Zone" Waiting for THE Cosmic Event
85 2 4
BTCUSD, W
BTC WEEKLY CHART: "The Panic Zone" Waiting for THE Cosmic Event
The Chinese Yuan devaluation is now complete. The Chinese banksters realize the insiders can move money in and out of Bitcoin as a value store. A fake investigation of Chinese based Bitcoin exchanges covers the insiders asses while preserving this avenue for their future devaluation shenanigans. The result: No ...
RandR RandR EURUSD, 240, Short , 19 hours ago
EURUSD: Eyes on the EURUSD
54 0 6
EURUSD, 240 Short
Eyes on the EURUSD
Guys, on the eurusd, I found there is a potential wedge broken in the next few days, thus, will lead to a great fall. patient and careful, trade this only when you have the clear signal. Success RandR
ztokar ztokar EURUSD, 240, Short , 6 hours ago
EURUSD: EUR.USD top of channel
46 0 6
EURUSD, 240 Short
EUR.USD top of channel
breaking wedge at the top of channel
Peter101 Peter101 GDX, D, 6 hours ago
GDX: GDX has just started wave three
47 0 5
GDX, D
GDX has just started wave three
Leg three has started... and could go to 48,40 (wave one x 1.6 fib). A strange coincidence is the fact that the light blue wedge has the same price target... It also means that wave 5 (calculated) could bring us to 60 usd before july this year or in the first quarter in '18 There's a lot of upside potential...
BorisMisale BorisMisale EURUSD, 240, Short , 11 hours ago
EURUSD: EURUSD AB=CD at confluence zone and bearish wedge
71 0 4
EURUSD, 240 Short
EURUSD AB=CD at confluence zone and bearish wedge
EURUSD AB=CD at confluence zone and bearish wedge
Manic.Nick Manic.Nick AUDUSD, 240, Short , 19 hours ago
AUDUSD: Bearish divergence
51 0 4
AUDUSD, 240 Short
Bearish divergence
We have perfect signals for short on 4H: - price is near daily downtrend; - strong bearish divergence; - rising wedge pattern. Targets: 1st at ~0.7380 2nd at ~0.7170
Peter101 Peter101 MUX, D, Long , 9 hours ago
MUX: McEwen on the way up!
11 0 4
MUX, D Long
McEwen on the way up!
Mc Ewen Mining is slowly working its way up to the 4,80 mark. We clearly see a C/H pattern and at the same time a H/S pattern. And a beautiful wedge with a base of 5.20! Gives a target of 7,35. If the patterns, we see, are correct we can buy now... or expand our positions when the price surpasses 4.80... Above ...
LoneFox LoneFox PRO USDJPY, D, Long , 14 hours ago
USDJPY: USDJPY: Bullish
42 0 3
USDJPY, D Long
USDJPY: Bullish
DXY falling wedge
dh55 dh55 PRO USOIL, M, Short , 2 hours ago
USOIL: Oil - We've Been Here Before
33 0 3
USOIL, M Short
Oil - We've Been Here Before
Multi Month Rising Wedge
roman.bogdanov roman.bogdanov PRO EURUSD, 240, Short , 3 hours ago
EURUSD: EURUSD rising wedge pattern
31 0 3
EURUSD, 240 Short
EURUSD rising wedge pattern
Almost a month long rising wedge pattern is coming to an end. Bearish divergence signifies the imminent trend change. Possible test of the 1.08 and 1.085 levels. As we know that rising wedge is a continuation pattern, we might be seeing a continuation of a massive downtrend that started mid 2016. for more ...
FangLiangLow FangLiangLow EURUSD, 240, Short , 2 hours ago
EURUSD: Will Eur break the rising wedge?
29 0 3
EURUSD, 240 Short
Will Eur break the rising wedge?
With Dollar index supported at 100, will Eur break downwards on this rising wedge?
HassanGul HassanGul EURGBP, 60, Long , 17 hours ago
EURGBP: buy the break
23 0 3
EURGBP, 60 Long
buy the break
looks nice wedge
ZARS ZARS AUDNZD, D, Long , 7 hours ago
AUDNZD: AUDNZD Bullish wedge
26 0 2
AUDNZD, D Long
AUDNZD Bullish wedge
We have a bullish wedge which break out on the 6th of Jan 2017. We wait on a retest to go long. market remains bearish for now. Buyers, we stay out and wait to go long. Sellers, it's not a good time to enter. However, is you got a great entry last week, you can still enjoy the ride and tp @1.03823
TiltonKy TiltonKy EURUSD, 60, Long , 18 hours ago
EURUSD: Potential Long opportunity.
14 0 2
EURUSD, 60 Long
Potential Long opportunity.
Observing a wedge pattern continuation. Or ascending continuation form. With new structure highs and higher closes we can confirm a strong bullish trend. With short outside returns and higher closes we are expecting this trend to continue approaching 1.08040 Appx new resistance point.
DanteC DanteC PRO GBPCAD, 60, Short , a day ago
GBPCAD: GBPCAD STRUCTURE BREAKDOWN
10 0 2
GBPCAD, 60 Short
GBPCAD STRUCTURE BREAKDOWN
This pair is forming a wedge-up, and is at the top of the channel, looking for price breakdown and sell SETUP. Indicators are showing divergence as well, which is a good sign SELL!!
DanteC DanteC PRO GBPCAD, 60, Short , a day ago
GBPCAD: GBPCAD BREAKDOWN
12 0 3
GBPCAD, 60 Short
GBPCAD BREAKDOWN
Wedge structure pattern, they usually break opposing to the trend. Divergence in the indicators. Price is getting topped out at the top of the channel. Look for sell very soon!!
123456... Show More Ideas
Market
Interval
Browse
Time
Author
Widgets
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out