Rising and Falling Wedge Patterns with Supply & Demand

 MartialChartsFX 


  

Admin



CategoryStrategy

PublishedJul 30, 2023, 10:18 PM EDT

Views477

Rising and Falling Wedge Patterns with Supply & Demand



The falling and rising wedge patterns occur frequently and play out as expected more often than not. However, you should avoid trading any and every wedge pattern that you see on the chart. It is best to make sure there is context for the pattern to play out as expected. 

The wedge patterns have a higher probability when combined with Supply and Demand.  

Having a falling wedge terminate at a demand zone or a rising wedge terminate at a supply zone is a strong confluence.

Falling wedge terminating at a demand zone


Rising wedge terminating at a supply zone


Don't expect the wedge pattern, or any pattern for that matter, to be picture perfect like shown on a chart pattern cheat sheet.  On the charts, the pattern can look messy and you will have some wicks that violate the trendlines or it may not have equal touches on both trendlines.

Tip: Use the line chart to make these pattern easier to see


You can also apply this concept to bullish and bearish flag patterns.

Comments (
0
)



Similar Posts


MartialChartsFX™
MartialChartsFX™

Comment

You must be logged in to comment.

Click Here To Login



Close