Again Rejected from Same Range drawn by our Team.
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What is a Rising Wedge?
The rising (ascending) wedge pattern is a bearish chart pattern that signals an imminent breakout to the downside. You Can Sell Short from Red Zone Marked It’s the opposite of the falling (descending) wedge pattern (bullish), as these two constitute a popular wedge pattern. A rising wedge can be both a continuation and reversal pattern, although the former is more common and more efficient as it follows the direction of an overall trend.
What is a Rising Wedge?
The rising (ascending) wedge pattern is a bearish chart pattern that signals an imminent breakout to the downside. You Can Sell Short from Red Zone Marked It’s the opposite of the falling (descending) wedge pattern (bullish), as these two constitute a popular wedge pattern. A rising wedge can be both a continuation and reversal pattern, although the former is more common and more efficient as it follows the direction of an overall trend.
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