TrendSpider Strategy Guide: Trading Wedge Formations

When it comes to trading, a huge piece of figuring out the puzzle is being able to identify simple patterns and have the knowledge of what their general sentiment is (i.e. Bullish or bearish setup). One of the main patterns technical traders focus on is the wedge pattern. This pattern is essentially when support and resistance trend lines are both sloped instead of one being completely horizontal (triangle patterns) and the other being sloped.