The Rising Wedge should be traded as a bearish pattern by selling short to the downside as the previous downtrend resumes signaled by a breakdown of the lower trend line support. Less depth in lows indicate a decrease in the strength of selling pressure and should create a lower trend line of support with less declining slope than the upper line of resistance.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |