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E-post – Rune Wiig – Outlook

Symmetrical triangle abev

The Falling Wedge is a bullish chart pattern that is formed with a wide formation at the top and contracts as the pattern matures. The overall price action forms a down-sloping wedge as the support and resistance trend lines converge.

The Ascending Broadening Wedge is a common chart pattern that I love to trade. Contrary to the Rising Wedge, in which price action contracts as the pattern matures, the Ascending Broadening Wedge widens as the two trend lines that have formed diverge from one another.

Symmetrical triangle price target