You do realize this isn't a rising wedge, right?
The way your charted it, it's technically an ascending triangle.
A rising wedge is bearish. An ascending triangle is bullish.
Just putting some facts out there in case you got the names mixed up. Saved me a lot of headache early on.
theyoungbloodcollective
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@mc_peewee, Thank you for the clarification of the proper terminology.
I have not been active in the trading community for a few months so I am a little rusty ;)
Hopefully you can cypher through what I meant with whats displayed on my chart.
Essentially I am expecting price to be bullish from here :)
deactivatedaccount123
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@allisonyoungblood, Hey, I get it. Without people correcting me on my ideas, I'd be a very clueless chartist. You're welcome :)
I agree with your idea anyway. haha
The way your charted it, it's technically an ascending triangle.
A rising wedge is bearish. An ascending triangle is bullish.
Just putting some facts out there in case you got the names mixed up. Saved me a lot of headache early on.