Previously, there were two episodes specifically introducing the two modes of the inclined triangle: the terminating inclined triangle (reversal pattern) and the guiding inclined triangle (continuation pattern). This episode provides additional explanation about another continuation pattern of the wedge.
The same pattern appears in different positions, yet the signals given are different.
Actually, I personally believe that the technical analysis of wedges in financial markets is inappropriate: whether the wedge appears in the middle or at the end of market movement, market analysts can always be inspired by this general experience: bearish ascending wedge and bullish descending wedge. Because as a guiding inclined triangle, the ascending wedge is bullish.
