Technical indicators and trend parameters are calculated for the close ofīusiness day indicated on the top right corner of the screen. Weekly Broadening Ascending Wedges Patterns Screener # 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.
Situation usually generates divergence on long-term indicators. # 1 As a reversal formation, Broadening formation Pattern appears in a mature trend,Ĭharacterized by overbought/oversold long-term and short-term indicators. One of the boundary lines is horizontal, is referred to as a right-angled formation.īroadening formations usually mark the reversal when confirmed by other technicalīroadening formations Screening page presents a list of stocks forming Broadening formation Pattern. Each of these lines must have been touched at least twice to. The upper line is the resistance line the lower line is the support line. A rising wedge is confirmed/valid if it has good oscillation between the two bullish lines. It is formed by two converging bullish lines.
They start with narrowįluctuations, and then widen out between diverging boundary lines. A rising wedge is a bearish chart pattern (said to be 'of reversal'). Chart Analysis and Chart Pattern Recognition – Broadening Formationsīroadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns.