One of the most effective tools traders use to navigate this landscape is chart patterns ... a wedge might look like a flag, but the difference is in the trendline angle. Rising wedges are ...
A single candle formation on a candlestick chart ... Most traders will sell into a rising wedge pattern. Rounding patterns, whether they're forming tops or bottoms, are indicative of a slowly ...
The stock looks set to continue its upward momentum after finding support near the lower trendline of a rising wedge pattern. Investors should watch crucial overhead areas on Apple's chart around ...
The stock's projected open on Friday sets the stage for a possible retest of a rising wedge pattern's lower trendline. Important support levels sit on Amazon's chart around $230, $216, and $200.
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