ajtj99's Market Pulse

[Newly2b]

AJ

A rising wedge should have the anchor point of the lower line below and to the left of the anchor point for the upper rising line. The opposite is true of a falling wedge.
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Actually that is only true of wedges that occur counter-trend (i.e., Rising Wedge in a downtrend, Falling Wedge in an uptrend). The opposite is true when the wedge occurs in the direction of the trend (Rising Wedge in uptrend, Falling Wedge in downtrend).

http://www.chartpatterns.com/wedges.htm

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