Chart shows the possibility of Right Angled Ascending Broadening Wedge Chart Pattern and it's target.
A right-angled ascending broadening wedge is a downward reversal pattern. The pattern is formed by two diverging lines, the support is a horizontal line and the resistance is an oblique bullish one, so it is an inverted descending triangle. ... Each line must be touched at least twice to be validated.
A right-angled ascending broadening wedge is a downward reversal pattern. The pattern is formed by two diverging lines, the support is a horizontal line and the resistance is an oblique bullish one, so it is an inverted descending triangle. ... Each line must be touched at least twice to be validated.