WEDGE UP
A Wedge Up or Rising Wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
Using two trendlines – one for drawing across two or more pivot highs and one connecting two or more pivot lows – convergence is apparent toward the upper right part of the chart
Using two trendlines – one for drawing across two or more pivot highs and one connecting two or more pivot lows – convergence is apparent toward the upper right part of the chart
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