![]() The patterns are easy to spot, but false breakouts are more probable. The resistance line is the key difference between these two patterns. The rising wedge is a reversal pattern, while the ascending triangle is mostly a continuation pattern. The rising wedge and the ascending triangle patterns are the most common price action trading tools. There is the probability that the price might adhere to the sideways trend for an extended period, or even begin to drop downwards. ![]() As the rising wedge and the ascending triangle pattern look similar, they are often misidentified.The ascending triangle pattern is a medium-term pattern the traders have the option to perform short-term trades inside the pattern. ![]()
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