A chart formation used by technical analysts that is bounded by two converging trend lines that both slope in the same direction. In general, the upper trend line of the wedge pattern connects peak reversal points, while the lower line connects trough reversal points. When a technical Forex Trader observes a forming wedge pattern on a currency pair's forex chart, they usually wait for the market to break out of the pattern to establish a position in the direction of the breakout.
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declining wedge
continuation pattern
inclining wedge
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