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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


In technical analysis, a series of high and low prices for a security that, when plotted on a chart, looks vaguely like a triangle. A triangle indicates that investors do not know whether a bull market or a bear market will prevail. If the triangle breaks upward, it is a bullish sign, but if it breaks downward, it is a bearish sign. A triangle is also called a wedge. See also: Ascending sign, Descending sign.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


See triangle.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
But, the runout range of wedgy block was found to be insensitive to release height.
Caption: Figure 9: Schematic plot of potential wedgy block.
"Wedgy" - pronounced wejaaaay and uttered in an elongated, triumphant shriek - is an important verb and noun.
It's impossible to decide which angle it looks best from - the side, all wedgy and sleek, or the back, with those haunches like a sprinter poised in the blocks.
There would always be a queue of kids, desperate to grab my pocket money, shatter my glasses, give me a wedgy.
"I remember when I first arrived in school and he filled my pants with snow and gave me a wedgy.