Wedge
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| A chart pattern composed of two converging lines connecting peaks and troughs. In the case of falling wedges, the pattern indicates temporary interruptions of upward price rallies. In the case of rising wedges, indicates interruptions of a falling price trend. |
Related Terms: | ||
Swing Chart A form of charting connecting prices filtered by a minimum increment; similar to point and figure ... Downturn The transition point between a rising, expanding economy to a falling, contracting one. ... Assignment The receipt of an exercise notice by an option writer that requires him or her to ... | ||
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