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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<h2>Definition of Wedge Chart Formation</h2> <p>A <strong>wedge chart formation</strong> is created when price fluctuations converge to a point on a straight line. There are two types of wedge formations: rising and falling. The wedge chart formation is not a trend reversal pattern, but only a temporary pause in the current trend. Volume in a wedge formation like a <a title=\"symmetrical triangle\" href=\"/technical-analysis/symmetrical-triangle.html\">symmetrical triangle</a>, diminishes as the formation develops. In order to draw a valid wedge, the trend pattern must be compact with frequent price fluctuations and tightly bound lines that converge to a point.</p> <h2>Falling Wedge</h2> <p>A <strong>falling wedge</strong> formation develops as price continues to converge to a point after falling rapidly. When price breaks out of a falling wedge, it drifts sideways or in a dull rounding bottom before the rally begins. Falling wedges are most common in bull markets, as they provide the fuel for the continuation of the primary trend.</p> <p><span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/falling-wedge.png\" alt=\"Falling Wedge\" title=\"Falling Wedge\" class=\"image image-_original \" width=\"510\" height=\"442\" /><span class=\"caption\" style=\"width: 508px;\"><strong>Falling Wedge</strong></span></span></p> <h2>Rising Wedge</h2> <p>A <strong>rising wedge</strong> <a title=\"chart pattern\" href=\"/technical-analysis/chart-patterns\">chart pattern</a> develops as price continues to converge to a point after rallying for a period of time. In many cases the price will rise to a clear apex, and in some cases, it will actually push through the top of the formation. However, once price breaks out of the wedge to the downside, they often begin to decline quite rapidly. Trading volume in a wedge follows the common rule of diminishing gradually as the price moves towards the apex. This is the one difference between rising and falling wedges, because remember with falling wedges the price action may drift out of the wedge before rallying sharply. Rising wedges are most common in <a title=\"bear markets\" rel=\"nofollow\" href=\"/stocks/bear-market.html\">bear markets</a>, as they provide the fuel for the continuation of the primary trend.</p> <p><span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/rising-wedge.png\" alt=\"Rising Wedge\" title=\"Rising Wedge\" class=\"image image-_original \" width=\"510\" height=\"444\" /><span class=\"caption\" style=\"width: 508px;\"><strong>Rising Wedge</strong></span></span></p><br /><div class=\"image-clear\"></div>', created = 1576433339, expire = 1576519739, headers = '', serialized = 0 WHERE cid = '1:3601e4a7ccd3d1a096f5b55b743060e1' in /var/www/html/mysmp/includes/cache.inc on line 109.
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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<p>Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide to navigating through the markets.</p><p>Tim is in the Timers Digest Top 10 Rankings for his newsletter and is the Author of \"The Secret Science of Price and Volume”. Ord also contributes to the Stocks &amp; Commodities Magazine.</p>', created = 1576433339, expire = 1576519739, headers = '', serialized = 0 WHERE cid = '1:2fda152348bc4ae73408bf0b82608e9a' in /var/www/html/mysmp/includes/cache.inc on line 109.
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Wedge Chart Formation - Pause In Current Trend

Definition of Wedge Chart Formation

A wedge chart formation is created when price fluctuations converge to a point on a straight line. There are two types of wedge formations: rising and falling. The wedge chart formation is not a trend reversal pattern, but only a temporary pause in the current trend. Volume in a wedge formation like a symmetrical triangle, diminishes as the formation develops. In order to draw a valid wedge, the trend pattern must be compact with frequent price fluctuations and tightly bound lines that converge to a point.

Falling Wedge

A falling wedge formation develops as price continues to converge to a point after falling rapidly. When price breaks out of a falling wedge, it drifts sideways or in a dull rounding bottom before the rally begins. Falling wedges are most common in bull markets, as they provide the fuel for the continuation of the primary trend.

Falling WedgeFalling Wedge

Rising Wedge

A rising wedge chart pattern develops as price continues to converge to a point after rallying for a period of time. In many cases the price will rise to a clear apex, and in some cases, it will actually push through the top of the formation. However, once price breaks out of the wedge to the downside, they often begin to decline quite rapidly. Trading volume in a wedge follows the common rule of diminishing gradually as the price moves towards the apex. This is the one difference between rising and falling wedges, because remember with falling wedges the price action may drift out of the wedge before rallying sharply. Rising wedges are most common in bear markets, as they provide the fuel for the continuation of the primary trend.

Rising WedgeRising Wedge


Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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