Wedge Bull Wedge In an uptrend, a trader may see a bearish or bullish wedge. Unlike triangles, wedges do not have a flat side. Both sides are tilted in the same direction. With a bullish (descending) wedge, local lows are updated. At the same time, the price in the range slows down. Therefore, on a rising chart, a bullish wedge looks like a small correction. The highs and lows of the wedge are approaching. Typically, traders open short positions after breaking through the upper boundary of the bullish wedge. bearish wedge A bearish (rising) wedge forms similarly to a bullish one. The difference is that local maxima are updated. The price in the decreasing range is slowing down. With a bearish wedge, a trend reversal or a subsequent correction is possible.
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