The Wedge

{+++}The Wedge Formation Pattern

The Wedge Formation is also similar to a symmetrical triangle in appearance, in that they have converging trend lines that come together at an apex. However, wedges are distinguished by a noticeable slant, either to the upside or to the downside. As with triangles, volume should diminish during its formation and increase on its resolve. This is perhaps one of my favorite patterns as you may know by now, we have affectionately named it the ‘wedgy’ in the chat room.