Rising Wedge noted. The wedge is also noted on the hourly timeframe.
Both trendlines (orange) slope up and narrow at the apex.
This pattern is not valid until the bottom line is broken and is considered a bearish signal.
This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
The rising wedge is a technical chart pattern used to identify possible trend reversals.
The pattern appears as an upward-sloping price chart featuring two converging trendlines.
It is usually accompanied by decreasing trading volume.
Wedges can either form in the rising or falling direction.
A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
No recommendation
Both trendlines (orange) slope up and narrow at the apex.
This pattern is not valid until the bottom line is broken and is considered a bearish signal.
This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
The rising wedge is a technical chart pattern used to identify possible trend reversals.
The pattern appears as an upward-sloping price chart featuring two converging trendlines.
It is usually accompanied by decreasing trading volume.
Wedges can either form in the rising or falling direction.
A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
No recommendation