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The Wedge pattern can either be a continuation pattern or a reversal pattern, depending on the type of wedge and the preceding trend. There are 2 types of wedges indicating price is in consolidation. The first is rising wedges where price is contained by 2 ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: the lows are climbing faster than the highs. These wedges tend to break downwards. The second is Falling wedges where price is contained by 2 descending trend lines that converge because the upper trend line is steeper than the lower trend line. In other words: the highs are falling faster than the lows. These wedges tend to break upwards.

Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be estimated through the technique of measuring the height of the back of the wedge and extending it in the direction of the breakout. A common stop level is just outside the wedge on the opposite side of the breakout.
KeithSalisbury KeithSalisbury BCHBTC, 240, Long ,
BCHBTC: BCH clings on after its monumental fall from grace
40 0 3
BCHBTC, 240 Long
BCH clings on after its monumental fall from grace

After its meteoric rise from 0.06 up to a staggering 0.244 in a matter of days, BCH has slowly but surely crawled it way back down to 0.06 over the last couple of months, even dropping sharply to 0.01 for a moment. No doubt there are many crypto investors watching intensely now has it finally looks like it might have found the bottom around the 0.066 levels in ...

zippy1day zippy1day TOP BTCUSD, 240,
BTCUSD: BTC Rising Wedge Up Breakout
221 1 6
BTC Rising Wedge Up Breakout

Waiting for any pullback from this rising wedge up breakout to re-enter. Target initially without pullback : $5604 http://thepatternsite.com/risewedge.html

zippy1day zippy1day TOP BTCUSD, 60, Long ,
149 0 6
BTCUSD, 60 Long
BTC Bull Run!

Another stab at Elliott Wave with a Target for (V) which coincides with the "Rising Wedge" up breakout? Target : $5269 http://thepatternsite.com/risewedge.html

scotchneat scotchneat AUDUSD, 15, Long ,
AUDUSD: An early shout on bullish falling wedge
22 0 3
AUDUSD, 15 Long
An early shout on bullish falling wedge

As per description. I've been noticing the triple bounce wedge patterns a lot recently, with target price around the 1.618 retracement. Here's an early shout just for giggles.

Turpan Turpan IFX, D,
IFX: Infineon ready to break it and claim its new highs?
10 0 3
Infineon ready to break it and claim its new highs?

Strong Tech company Infineon has successfully completed a Falling Wedge Pattern, breaking through its resistance, keeping it above 50Day moving average and preparing for next bull run. This seems to be a great time to go LONG.

Fabmaur Fabmaur ETHUSD, 240, Short ,
ETHUSD: Ethereum Ascending Wedge
229 0 0
ETHUSD, 240 Short
Ethereum Ascending Wedge

Ethereum was recently in a descending channel which has now been broken out of. However, an ascending wedge has formed which may see a breakout downwards, this could see the continuation of a descending channel for etheruem.

Turpan Turpan RIO, D,
RIO: Rio Tinto - Up or Down ?
36 0 4
Rio Tinto - Up or Down ?

Rio has successfully completed a rising wedge pattern - broke down the support line and now it's slowly going to test it. It seems like very likely the support becomes a new resistance and stock is going to go down. However, it has also stopped at the 50MA with slightly increased volume, which may signal also a support. Now, it is crucial to watch the lower trend ...

Evan_Moe_Money Evan_Moe_Money MOD RIB, 60, Long ,
RIB: Ladys and gentlemen, fasten your seat belts for the breakout
46 0 2
RIB, 60 Long
Ladys and gentlemen, fasten your seat belts for the breakout

I love this setup! We have lower highs over a good time period, and a strong support. So... what will happen? I guess, as the support and the resistance had been tested multiple times already, there is a guaranteed breakout. And since we are in a uptrend, I believe it will rocket away. Sky is the limit. So what about NASA? I will enter a long position, as soon ...

57 0 3

1HR Timeframe shows a reversal candlestick formation, whilst sitting between / under a Retracement level. On the 5 Min there is a Flat Top Wedge which was formed as well. The trade was taken on the 5 Min, at the break and close of the wedge, however I cannot post a chart under the 15 minute timeframe.

Roker1 Roker1 TOP AUDUSD, 60, Long ,
AUDUSD: Trend Continuation Pattern on AUDUSD
170 0 5
AUDUSD, 60 Long
Trend Continuation Pattern on AUDUSD

Hey guys, Australian dollar has gained a lot over the pasy days, you can see this from the chart above and you can also see that lately price has been ranging in a very tiny space. When you see impulsive move like this you would expect price not to retrace so much because of the strength disequilibrium. And that is what i think could happen next here: flags, ...

Roker1 Roker1 TOP GBPNZD, 240, Long ,
GBPNZD: Structure Trade on GBPNZD
101 6 3
GBPNZD, 240 Long
Structure Trade on GBPNZD

Hey guys, here on GBPNZD we're now testing a very important structure area; as you can see on the left hand side of your screen price has already found resistance in that area and it could now turn into support and push price higher. Given the case, i want to be involved on the long side of this pair, hoping for a continuation on the upside. Now, you can use ...

narushima narushima PRO XBTUSD, 240, Long ,
XBTUSD: BTC rising wedge upward breakout 3100+ targets on.
208 0 3
XBTUSD, 240 Long
BTC rising wedge upward breakout 3100+ targets on.

The corrective rising wedge broke out , scaled in, target up is 3100 + for this pattern for assured profit. Only some USD from ATH breakout for ultimate confirmation, Ichimoku cloud signals positive on each and every timeframe. Since we are on a post-majorcorrection breakout, leverage is maximum. 1.618 Fibo of complete corrective downward retracement and fully ...

RB1!: RBoB Gasoline
23 0 2
RB1!, D Long
RBoB Gasoline

Been stuck and bouncing in a tightening 'wedge' range - can it break out to align with stronger seasonals?

LorbeerInv LorbeerInv PRO USDCHF, 240, Short ,
USDCHF: Rally USDCHF,  2 times +70 Pips chance
31 0 2
USDCHF, 240 Short
Rally USDCHF, 2 times +70 Pips chance

Significant rally into the next resistance (red) provides a short opportunity around 50 to 70 pips Price may consolidate and then continue rally or continue underlying downtrend. Either way, chances are good to chase the new 240M high that is likely to form in the red zone for another 50 to 70 pips

priesh priesh PRO USDJPY, 60, Short ,
USDJPY: USDJPY on flat wedge, and crossing of 200 and 50 EMA on 4hr TF
36 0 1
USDJPY, 60 Short
USDJPY on flat wedge, and crossing of 200 and 50 EMA on 4hr TF

USDJPY's 200 and 50EMA lines have crossed on the 4 hour timeframe indicating confirming that there is a downtrend. In addition to this, if we go down to the 1 hour timeframe we can see that over the past 12 hours, the price movement is forming a flat bottom wedge (similar to the wedge that formed before the FED rate hike and price fell). The flat bottom wedge acts ...

shaunsmith100 shaunsmith100 GOLD, 30,
68 0 1
GOLD, 30

So used a bit of Ascending Triangle chart pattern rules along previous major support and resistance levels and came to this conclusion. I think it will continue to tip toe on support level and possibly touch the ceiling again. All before major breakout. Will be watching this one with an eagle eye :)

shaunsmith100 shaunsmith100 GOLD, 60, Long ,
73 0 3
GOLD, 60 Long

"The eye sees what it chooses to see" Might be a good long one here. But as we all know might not. Basing on wedge formation hitting support twice on higher lows and resistance level keeping lower highs at bay. Will wait for a possible breakout in maybe 24 hours? Disclaimer: Forex newbie so feedback welcome please :)

shaunsmith100 shaunsmith100 GBPJPY, D,
GBPJPY: Falling Wedge
50 0 2
Falling Wedge

In theory this could be considered a falling wedge on a uptrend? So there for could be a decent long position to previous resistance. Alternatively it could be seen as a pennant pattern. So therefore it could go short. Any feedback appreciated :)

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