Closer look into Rising/Falling Wedge, Reversal Price Action structures/patterns
Hi traders:
Today I will go more in detail on rising/falling wedge correction in price action structures/patterns.
You might have already heard about these types of correctional structures, and many traders who utilize them.
Certainly there are many ways of traders identifying...
In this video, I use S&P 500 futures CME_MINI:ES1! as an example to show you using trend channel to judge the price action momentum. At the later part of the video, I also show the use of upward thrust, and the up wave on top of the channel to judge the momentum.
It is important to assess the price action momentum of any trading instruments (i.e. stocks, Forex,...
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What is the rising wedge pattern and why is it considered a bearish pattern? Quick explanation of what it is and how it works.
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