DJIA 0.31% 26,683 dow jones industrials

6monthly chart looking fairly good, page-15

  1. 17,274 Posts.
    lightbulb Created with Sketch. 490
    Hi Pete, chart school tells me that a rising wedge can be either a reversal or continuation pattern....and if chart school says it then it's good enough for me LOL

    from their site

    "Even though this article will focus on the rising wedge as a reversal pattern, the pattern can also fit into the continuation category. As a continuation pattern, the rising wedge will still slope up, but the slope will be against the prevailing downtrend. As a reversal pattern, the rising wedge will slope up and with the prevailing trend. Regardless of the type (reversal or continuation), rising wedges are bearish."

 
watchlist Created with Sketch. Add DJIA (INDEXDJX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.