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On the technical analysis chart, a wedge pattern is a market trend commonly found in traded assets (stocks, bonds, futures, etc.).The pattern is characterized by a contracting range in prices coupled with an upward trend in prices (known as a rising wedge) or a downward trend in prices (known as a falling wedge).
Triangle patterns can be broken down into three categories: the ascending triangle, the descending triangle, and the symmetrical triangle. While the shape of the triangle is significant, of more importance is the direction that the market moves when it breaks out of the triangle.
The trader or investor can also use the indicator as a tool to manage long and short positions, raising or lowering the stop loss after each data point to match the price of the last dot.
A rising or falling line is an uptrend or downtrend and Trix shows the slope of that line, so it's positive for a steady uptrend, negative for a downtrend, and a crossing through zero is a trend-change, i.e. a peak or trough in the underlying average. The triple-smoothed EMA is very different from a plain EMA.
A future market trend can only be determined in hindsight, since at any time prices in the future are not known. Past trends are identified by drawing lines, known as trendlines, that connect price action making higher highs and higher lows for an uptrend, or lower lows and lower highs for a downtrend.
The parabolic SAR is calculated almost independently for each trend in the price. When the price is in an uptrend, the SAR emerges below the price and converges upwards towards it. Similarly, on a downtrend, the SAR emerges above the price and converges downwards. At each step within a trend, the SAR is calculated one period in advance.
It is considered a bullish pattern when preceded by a downtrend. Bearish Harami Cross A large white body followed by a Doji. Considered a reversal signal when it appears at the top. Bullish Harami Cross A large black body followed by a Doji. It is considered a reversal signal when preceded by a downtrend.
One hundred years ago this month, New York City's Triangle Shirtwaist Factory burst into flames, killing 146 garment workers and fundamentally changing the way America viewed its laborers.