Tags Posts tagged with "Wedges"

Wedges

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The “falling three” is a bearish chart pattern that often ends in a correction to the downside. It forms when the chart makes a short bullish move in a bearish trend.

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The following cheat sheet will help you to identify the most common technical patterns that appear in forex charts. Click each heading for more information.

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A broadening wedge is a range where the price is holding between two trend lines that are moving apart. The pattern is also named a "megaphone" because of its shape.

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When a falling wedge pattern appears in a forex chart it hints at bullish sentiment. Like the rising wedge, this pattern is quite common at all time scales.

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Rising wedge patterns are extremely common in forex charts and they can be useful at any timeframe. This post explains trade setups for bearish breakouts.

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The flag pattern is closely related to the pennant. It’s a continuation pattern that tends to indicate that a trend is pausing rather than reversing.

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Pennants are usually a reliable indication that a trend is set for a new leg. In other words they serve as good continuation signals.