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1. Typically a longer term pattern similar to a Symmetrical Triangle that is formed in the context of an uptrend.
2. The power of a Rising Wedge can be greater after a moderate upside move due to the possible decrease of underlying support as the pattern is formed.
3. Rising Wedges can be stronger when the series of higher swing highs and higher swing lows that formed the pattern narrow upinto a point as people become less interested in buying. |
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