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."
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- 6monthly chart looking fairly good
6monthly chart looking fairly good, page-15
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