Diamond_Chart

price action patterns you need to know ( part 4 )

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PHEMEX:BTCUSDT   BTC / USDT Spot Trading Pair
hi my friends , i'll share with you some patterns which can help you in trading ( part 4 )

Falling Wedge appear in downtrend and it indicates that the sellers are losing momentum in the market, and the buyers are gaining momentum ( long ) you can go long after the break or the retest of the trendline .

rising Wedge appear in uptrend and it indicates that the buyers are losing momentum in the market, and the sellers are gaining momentum ( short ) you can go short after the break or the retest of the trendline

note : Usually we find there is a divergence in the RSI indicator and this can be used as confirmation .

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