xjo - weekend charting and chat -16 may 2014, page-16

Hi Jako,

The Elliott Wave guys talk about an "ending diagonal". That occurs at the conclusion of a five-wave impulsive up trend. So the EW guys tend to show those when they occur. And that results in a lot of "rising wedges" being shown late in trends.

Traditional TA doesn't make an special mention, as far as I know, as to where a Rising Wedge might appear.

The big thing is duration - that distinguishes it from a pennant.

A Rising Wedge is longer than three weeks in duration.

Redbacka