Wedge
A technical chart pattern composed of two converging lines connecting a series of peaks and troughs.
Investopedia Says:
Falling wedges indicate temporary interruptions of upward price rallies. Rising wedges indicate interruptions of a falling price trend. Technical analysts see a 'breakout' of this wedge pattern as either bullish (on a breakout above the upper line) or bearish (on a breakout below the lower line). Related Terms:
Resistance
Support
Technical Analysis
Trendline
Triangle |