Rising Wedge Pattern Formation A rising wedge is formed when the price consolidates between upward sloping support and resistance lines. Here, the slope of the support line is steeper than that of the resistance. This indicates that higher lows are being formed faster than higher highs. A breakout of the trend line shows more bearish confirmation.. Best Fundamental News Platform To Stay Informed With Latest Financial Market News and Events: https://www.fastbull.com/adk #forex #trading #trader #d
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WEDGE FORMATION IN FOREX Wedges signal a pause in the current trend. When you encounter this formation, it signals that forex traders are still deciding where to take the pair next. A Falling Wedge is a bullish chart pattern that takes place in an upward trend, and the lines slope down. Wedges can serve as either continuation or reversal patterns Best Fundamental News Platform To Stay Informed With Latest Financial Market News and Events: https://www.fastbull.com/adk #forex #trading #trader #day
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