Right-angled descending broadening wedge pattern
What is a right-angled descending broadening wedge?
A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is formed by two diverging lines, the resistance being a horizontal line and the support a bearish downward slant, so it is an inverted ascending triangle.
TP 1.52-1.53
A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is formed by two diverging lines, the resistance being a horizontal line and the support a bearish downward slant, so it is an inverted ascending triangle.
TP 1.52-1.53
