Trade Setup – Rising Wedge Pattern

   

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Trade Setup – Rising Wedge Pattern

In the rising wedge pattern, you will see a resistance line and a support line. As soon as you will see the breakdown of the support line.

Whichever candle has given a breakdown of the support line. You can take your entry in the next candle from it.

Whichever candle has given a breakdown of the support line. You can place your stop loss above its high.

If we talk about the target, then all the points are there from the first support to the first resistance. You can take the target of the same number of points after the breakdown.

Example 1 – Rising Wedge Pattern

n these examples, you are well explained about the Rising Wedge Pattern.

Example 2 – Rising Wedge Pattern