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.

Trend continuation patterns-Паттерны продолжения тренда

 After the completion of the trend continuation pattern, the price is most likely to move in the same direction. The main trend continuation patterns are pennant, flag and rectangle.