60-Day Technical Analysis Course

Continuation Wedge Chart Pattern (Bullish)

articles1.jpg

This is the 42th Day course in a series of 60-Days called “Technical Analysis Training

You will get daily one series of this Training after 8 o’clock night (Dinner Finished)

Follow MoneyMunch.com Technical Analysis Directory and Learn Basic Education of Technical Analysis on the Indian Stock Market (NSE/BSE)

Technical-Analysis-Training

Continuation Wedge Chart Pattern (Bullish)

Implication

A Continuation Wedge (Bullish) is regarded a bullish indication. It signifies a potential extension of the existing uptrend.

Description

A Continuation Wedge (Bullish) includes of 2 converging tendency lines. The tendency lines are slanted downward. Compared with the Triangles where the apex is indicated to the right, the pinnacle of this structure is slanted downwards at an perspective. This is considering costs edge continuously reduced in a converging structure

Pattern Duration-Target Price-Rising Volume

Trading Considerations

Pattern Duration

Give consideration to the period of the structure and its connection to your investing time perspectives. The timeframe of the structure is regarded to be an indication of the timeframe of the impact of this structure. The extended the pattern the extended it will take for the price to move to the Target. The shorter the structure the earlier the cost move. If you are researching a short-term trading alternative, look for a structure with a short period. If you are researching a longer-term trading opportunity, look for a structure with a extended length.

Target Price

The desired cost produces an significant indicator about the prospective cost move that this structure signifies. Consider whether the focus on cost for this structure is adequate to provide sufficient gains after your costs have been utilized into account.

Criteria that Supports

Volume

Volume should reduce as the structure varieties.

Criteria that Refutes

Moving Average

The entrance of the 200-day Moving Average by the cost is a incorrect bear signal.

Rising or Stable Volume

Volume should reduce as the structure forms. If volume continues to be the equivalent or improves this signal is less dependable.

Underlying Behavior

In this structure costs side gradually reduce in a converging pattern i.e. there are lower highs and lower lows showing that bears are successful over bulls. However, at the breakout point the bulls emerge the victors and the price rises.

Wishing you a wonderful learning experience and the continued desire to grow your knowledge. Education is an essential part of living wisely and the Experiences of life, I hope you make it fun.

Learning how to profit in the Stock Market requires time and unfortunately mistakes which are called losses. Why not be profitable while you are learning?

TABLE OF CONTENTS

Candlestick and Chart Patterns (15 Days)

7 Most Important Candlestick Chart Patterns

Top 2 Bearish Chart Patterns

Top 6 Bullish Chart Patterns

Indicators & Oscillators (12 Days)

Bullish or Bearish Indicators

Bullish or Bearish Oscillators

Classic Chart Patterns (29 Days)

Bearish Classic Chart Patterns

Bullish Classic Chart Patterns

Best Trading Theories (4 Days)

Kind attention: this course is helpful for beginner and intermediate traders. It’s free for everyone. Advanced modules, trading strategies, and data (in-depth) are available for Moneymunch’s premium subscribers.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
Previous ArticleNext Article
The Moneymunch editorial staff is a team of experienced financial writers and analysts with over a decade of experience in the financial markets. They have previously contributed to popular financial blogs and newspapers, and are passionate about providing accurate and up-to-date information to help both investors and traders make informed decisions. Trust the Moneymunch editorial staff to provide reliable and effective financial advice that can help you achieve your financial goals.

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *