KEY TAKEAWAYS
Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
The patterns may be considered rising or falling wedges.
The patterns have an unusually good track record for forecasting price reversals.
Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
The patterns may be considered rising or falling wedges.
The patterns have an unusually good track record for forecasting price reversals.