Wedge-Wedge

 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.

Ascending Triangle-Восходящий Треугольник

 Ascending Triangle

A triangle is usually formed when the top and bottom of the price move towards each other (similar to the sides of a triangle). The figure is often referred to as a trend continuation pattern. In practice, with a triangle, a trend reversal is possible.


has a horizontal line of resistance. With each wave, the lows are fixed higher, the price range becomes narrower. Usually, to enter a long position, traders take into account the fact of a breakdown of the resistance line or a rollback to it.



"Ascending Triangle" - a pattern of continuation of an uptrend. Formed between the horizontal resistance level and the rising support line. After the price closes above the resistance level, purchases are recommended, the target of working out is the value of the pattern base (H) in points.