rising wedge contracting

מעודכן
The rising wedge pattern typically occurs after an uptrend and signals a potential reversal in the security's price. It is a bearish chart formation commonly observed in technical analysis within the context of trading and investment. It is characterized by converging trendlines, where both the support and resistance trendlines are sloping upward, but the slope of the support line is steeper than that of the resistance line
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Chart Patterns

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