JB Chemicals hit a record high after breaking out of a two-month rectangular pattern. Analysts see buying on dips, citing ...
When wedges appear on the exchange rate chart for a currency pair, it can indicate to an astute technical forex trader a coming reversal or continuation of the preceding trend. The rising wedge ...
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How To Recognize and Trade Rising Wedge Patterns
Picture a trail that switchbacks as it gradually narrows up a mountain, eventually reaching a point where hikers must go over or turn back. This mirrors one of technical analysis' most reliable ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of ...
A bull trend is formed when demand exceeds supply, and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of ...
In the dynamic world of forex trading, understanding chart patterns is crucial to making the right decisions. One widely used pattern in technical analysis is the consolidation pattern. Consolidation ...
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