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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 ?
In this escape posture, streamlining changes the pressure field behind the copepod where the fluid gradually decelerates in the rear, little or no separation occurs, and the object is literally pushed forward by the wedgelike closure of the fluid behind it (Vogel, 1994).
odorata has circular leaves, featuring wedgelike clefts on each.
At the center of the figure is the household as the object of our inquiry; radiating from the center are wedgelike segments signifying everyday activities engaged in by households as part of their daily life in cyberspace.