When using the rising wedge pattern, it is best to wait for the next candlestick after the breakout to be completed and then to place the stop-loss order at the bottom rising wedge support trend.It is best to combine rising wedge patterns with other technical analysis indicators – MA, RSI, MACD, trading volume, and Fibonacci retracement levels.The pattern can signal a trend reversal or continuation, depending on the sentiment in the market.It is a bearish pattern that appears at the end of a bullish trend when you are able to spot the support and resistance trend line connecting ![]()
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