Apprentice Level
Adept Level
Expert Level
Master Level

7.2 Wedges 

Sorry, you don't have access to this content. Upgrade your subscription to get access.

Adept Level

A wedge pattern can signal either a bullish or bearish reversal pattern.
They are commonly found on all time frames across the charts. However, if one doesn't know how to correctly identify a wedge pattern, they will start to see them everywhere.
Part of the process is using the trend lines drawing tool to highlight the wedge pattern.
You should never try to force the drawing of such patterns to fit your bias. Instead, look for signs of confluence such as declining volume and smaller moves in price action as the pattern reaches its completion.