## Ascending Wedge: How Not to Lose Money on a Pattern That Looks Simple
Do you see how the price narrows between two upward lines? This is an ascending wedge — one of the most insidious patterns for beginners. Many risk without understanding that this pattern often signals a reversal opposite to expectations.
## Why the ascending wedge is more than just a pretty picture
When an ascending wedge forms on a chart, it indicates two things simultaneously. If this pattern appears after a long upward move, prepare for a reversal downward. If it forms during a decline — it could signal a reversal upw
View OriginalDo you see how the price narrows between two upward lines? This is an ascending wedge — one of the most insidious patterns for beginners. Many risk without understanding that this pattern often signals a reversal opposite to expectations.
## Why the ascending wedge is more than just a pretty picture
When an ascending wedge forms on a chart, it indicates two things simultaneously. If this pattern appears after a long upward move, prepare for a reversal downward. If it forms during a decline — it could signal a reversal upw