A Falling wedge can be a reversal pattern at the bottom, but can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
Monthly candle is a doji/weekly indicates SWKS may fall a bit more. SWKS broke out from a Cup and Handle pattern a while back. Has been in a rising wedge pattern for a long, long time. Rising wedges can be long term patterns but are usually bearish. SWKS has broken bottom trend line of rising wedge, but could possible fall further. A strong stock averages 35% fall from this pattern.
As a continuation pattern in a downtrend, the rising wedge will still slope up, but the slope will be against the prevailing downtrend, similar to a bear flag. A rising wedge is over 3 weeks in formation or it is a pennant/flag. As a reversal pattern, the rising wedge will slope up and with the prevailing trend. Regardless of the type (reversal or continuation), rising wedges are bearish.
A stock may break up from a rising wedge pattern. The break out is often weak and short lived though
Nuetral until this one gives a clear sense of direction or breaks up from falling wedge in a clear uptrend.
Monthly candle is a doji/weekly indicates SWKS may fall a bit more. SWKS broke out from a Cup and Handle pattern a while back. Has been in a rising wedge pattern for a long, long time. Rising wedges can be long term patterns but are usually bearish. SWKS has broken bottom trend line of rising wedge, but could possible fall further. A strong stock averages 35% fall from this pattern.
As a continuation pattern in a downtrend, the rising wedge will still slope up, but the slope will be against the prevailing downtrend, similar to a bear flag. A rising wedge is over 3 weeks in formation or it is a pennant/flag. As a reversal pattern, the rising wedge will slope up and with the prevailing trend. Regardless of the type (reversal or continuation), rising wedges are bearish.
A stock may break up from a rising wedge pattern. The break out is often weak and short lived though
Nuetral until this one gives a clear sense of direction or breaks up from falling wedge in a clear uptrend.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
