Rising or Inclining
A chart pattern in
which the slope of price bar highs and lows are converging to a point so
as to outline the pattern in a triangle that points diagonally higher.
The slope of both converging lines is up, the lower one being steeper
than the higher one. Chartists frequently buy or (go-long) on a break up
and out of the Wedge or sell (go-short) on a break down and out of the
Wedge. Rising Wedges, in the context of a prior downtrend are generally
considered to have a stronger bias toward breaking down and out, as
opposed to up and out.
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