2. Rising and falling wedge pattern

 

 

◆ Types of wedge-shaped patterns

It refers to a chart in which support and resistance lines move like the wedge heel shape of women's shoes. There are two wedge patterns.

 

(1) Rising wedge

(2) Falling wedge

 

 

The rising type is a wedge shape that gets narrower as the chart goes up, and the falling type is a wedge shape that gets narrower as the chart goes down. It has a characteristic, and it is used to determine the time of sale through this.

 

◆ Rising wedge

First, it is the rising wedge. It is a figure that rises upwards as the lower support and upper resistance lines become narrower and narrower. As it narrows and converges, the upper chart can be interpreted as highly likely to decline strongly.

 

 

It is a chart shape when the upward force decreases.

 

(Rising wedge pattern)

 

(Rising wedge chart)

 

 

The Bitcoin chart above is an example of a rising wedge chart, showing a large rise at the point of convergence.

 

 

 

 

 

 

 

 

 

◆ Falling wedge

 

 

The opposite, falling wedge, declines as the resistance and support lines become narrower and narrower.

(Falling wedge pattern)

 

(Falling wedge chart)

 

 

The Bitcoin chart above is an example of a falling wedge chart, showing a larger decline at the point of convergence.