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Chart Formations | Wedges | PFG Futures

Wedges
  • Rising or Inclining
  • Chart Formations | Wedges | PFG FuturesA price bar pattern in which the slope of price bar highs and lows are converging to a point so as to outline the pattern in a triangle that points diagonally higher. The slope of both converging lines is up, the lower one being steeper than the higher one. Chartists frequently buy or (go-long) on a break up and out of the Wedge or sell (go-short) on a break down and out of the Wedge. Rising Wedges, in the context of a prior downtrend are generally considered to have a stronger bias toward breaking down and out, as opposed to up and out.

  • Falling or Declining
  • Chart Formations | Wedges | PFG FuturesA price bar pattern in which the slope of price bar highs and lows are converging to a point so as to outline the pattern in a triangle that points diagonally lower. The slope of both converging lines is down, the higher one being steeper than the lower one. Chartists frequently buy or (go-long) on a break up and out of the Wedge or sell (go-short) on a break down and out of the Wedge. Falling Wedges, in the context of a prior uptrend, are generally considered to have a stronger bias toward breaking up and out, as opposed to down and out.

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