ChaseMColvin

Rising Wedge Trend Reversal Formation on QuantumScape ($QS)

NYSE:QS   QuantumScape Corporation
I have been trading stocks for roughly 2 years now and I have been learning a lot more about technical analysis and important chart patterns. This is my first published idea on Trading View so it isn't the best, and I want to get better at drawing patterns on different charts here, so I will publish my ideas so I can recieve feedback and learn from my fellow peers as well. I would love to hear any new ideas or thoughts, as here I have drawn a "classical wedge", also known as a rising wedge pattern. This typically indicates a price reversal, as you notice the uptrend slows down during the formation of the wedge I have drawn. The X marks the final breakout point in QS and the trigger point of the wedge pattern, thus resulting in a downtrend.
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.