AkashGaur
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Educational post - Difference between a wedge and a triangle

FX:USDNOK   U.S. Dollar/Norwegian Krone
173 0 16
Hey guys this is a very short educational post on two of the most commonly found chart patterns in the market. These are often mistaken and confused even by experienced traders. Here we have a rising wedge and a bearish triangle both are bearish in nature. However one is a reversal pattern and the other is a trend continuation pattern
Example of a wedge
snapshot
snapshot

Example of a bearish trianlge
snapshot

I hope you guys found this beneficial. Next time we shall talk about bullish variations of these two patterns with examples.
Cheers

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