Global Investor | GI Bookshop | Harriman House | Holborn | Politicos | Financial Conferences | Finance Glossary | Investor Education | Derivatives | Financial Gurus | Tracker 101

Technical analysis II

Introduction| Course| Q&As | Recommended reading| Quiz |
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22   
69400000

16. Wedge formations

If you draw trend lines along both the bottom and top of a share price chart, you will sometimes get a trend channel and you'll sometimes get a wedge shape similar to the one below.

A rising wedge



Notice that wedge formations take place over a period of 3-4 weeks. This is because they occur as reversals of intermediate and minor trends. They will not be seen, except in unusual circumstances, as reversals to a major market trend.

Recommend Reading

Book offers!

Trading in the Zone
Trading in the Zone
Mark Douglas
Our price: £23.45
Normally: £33.50
High Performance Trading
High Performance Trading
Steve Ward
Our price: £22.23
Normally: £39.00
Qfinance
Qfinance
Conrad Gardner (Editor)
Our price: £125.00
Normally: £150.00
Google
Web www.incademy.com