1. A raising wedge pattern is used to identify possible trend reversals. 2. It is considered a bearish pattern. 3. It signals that the buying momentum is slowing down.
Support/ Resistance: 4. Around 430 - may act as a resistance. 5. Around 416 - may act as a support
Notice : looking for a job ------------------------ Is Your company hiring an assistant day & swing Trader/ assistant technical analyst/ assistant equity analyst?
I am a day & swing trader, freelancer technical analyst & equity analyst. Now, I am looking for a job .
Skills: Chart analysis, Trend identification, Price pattern recognition, important support and resistance levels identification, Set up trade idea ( long /short), Set up entry and target price. Valuation, making analysis report etc...
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.