![]() ![]() Past performance is not indicative of future results, which can vary due to market volatility. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience and risk appetite. ![]() Trading foreign exchange on margin carries high potential rewards but also high potential risks that may not be suitable for all investors. Note for the TP setting: As a rule, the growth that follows the descending trend is equal to the left opening of the pattern. It signals the descending trend’s reverse or the ascending trend’s continuation/consolidation. This pattern may signal a consolidation period/the current trend’s continuation or a trend reverse. The slope described by the Lower Highs is sharper than the one of the Lower Lows, forming a narrower, sharper opening on the right side. The main characteristics of a Falling Wedge are the descending supports and resistances – Lower Lows and Higher Highs which converge to the same direction. Note for the TP setting: Usually the price falls for an approximately equal distance to the opening on the left side of the pattern. Its relevant features are ascending supports and resistances – Higher Lows and Higher Highs which converge to the same direction, forming a narrower, sharper opening on the right side.Īs you can see from the picture below the Lows are growing faster than the Highs, describing a sharper slope.Īfter this consolidation period, a breakout is imminent.ĭuring an ascending trend a Rising Wedge signals a bearish reverse.ĭuring a descending trend a Rising Wedge is a trend continuation sign. The Rising Wedge appears during a consolidation period.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |