Broadening wedges

Triangles  Triangles Symmetrical broadening wedge  Symmetrical broadening wedge
Descending wedges  Wedges Broadening wedges  Broadening wedges
Flags and pennants  Flags and pennants right-angled broadening wedge Right-angled broadening wedge
Head and shoulders Head and shoulders Double tops  Double (or triple)
 tops (or bottoms)
Rectangle  Rectangles cup with handle  Cup with handle

 

Descending broadening wedge

Descending broadening wedges are continuation chart patterns formed by a channel that widens and is against the trend. Forex volumes tend to increase during the formation of such a wedge.

A break through the resistance line provides a good signal to trade into a continuation of the trend with a price target equal to the height that separates the pattern's high and low.

descending broadening wedge

Ascending broadening wedge

Ascending broadening wedges are reversal chart patterns that are formed by a bullish widening channel. Here, forex trading volumes increase during the formation of the wedge.

A break through the support line provides a good sell signal, with a first price target that is equal to the chart pattern's low.

ascending broadening wedge