The wedge differs from the triangle formations in that both bands or lines between which the price fluctuates point in the same direction. The graph shows how the resistance line (AB) and the support line (DE) are bearish. In this case the break is bullish and there is a small increase in volume after point C.
Temporary 4 hours on the SPDR instrument S&P 500 ETF TRUST June 2017.
Temporary 4 hours on the SPDR instrument S&P 500 ETF TRUST June 2017.
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