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The wedge pattern has several types, and can form in either an uptrend or a downtrend.
A rising wedge in both uptrends and downtrends indicates an imminent downward price reversal. A falling wedge in both cases indicates an imminent breakout of the upper trend line. When opening trades based on this pattern, you need to focus on the formation's height.
The wedge pattern has several types, and can form in either an uptrend or a downtrend.
A rising wedge in both uptrends and downtrends indicates an imminent downward price reversal. A falling wedge in both cases indicates an imminent breakout of the upper trend line. When opening trades based on this pattern, you need to focus on the formation's height.
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