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wedge

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Wedge
A technical chart pattern composed of two converging lines connecting a series of peaks and troughs.



Notes:
Falling wedges indicate temporary interruptions of upward price rallies. Rising wedges indicate interruptions of a falling price trend. Technical analysts see a 'breakout' of this wedge pattern as either bullish (on a breakout above the upper line) or bearish (on a breakout below the lower line).

Wedge
A chart pattern composed of two converging lines connecting peaks and troughs. In the case of falling wedges, the pattern indicates temporary interruptions of upward price rallies. In the case of rising wedges, indicates interruptions of a falling price trend.
wedge
See triangle.
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