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Rising and Falling Wedge Patterns
When talking about reversal patterns in Forex trading, few are more familiar or widely-known than rising and falling wedges. But why so? Well, wedge patterns tend to offer some of the most precision entries as well as some of the most attractive R-multiples in terms of measured-move target areas. So, let’s define what a wedge pattern is. What makes a Wedge, a Wedge? One of the first things to know about rising and falling wedge patterns, is that they’re a great indicator of an upcoming reversal. Much the same as other wedge patterns, they’re formed by a consolidation period representing either distribution or ... (full story)
