The Wedge Formation Pattern

A falling wedge Formation

The Wedge Formation is also similar to a symmetrical triangle in appearance, in that they have converging trend lines that come together at an apex. However, wedges are distinguished by a noticeable slant, either to the upside or to the downside. As with triangles, volume should diminish during its formation and increase on its resolve.

A falling wedge is generally considered bullish and is usually found in up-trends. But it can also be found in downtrends as well. The implication however is still generally bullish. This pattern is marked by a series of lower tops and lower bottom

A rising wedge Formation

A rising wedge is generally considered bearish and is usually found in downtrends. They can be found in up trends too, but would still generally be regarded as bearish. Rising wedges put in a series of higher tops and higher bottoms.

Some example of wedges formation in NEPSE daily charts:

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The Flag And Pennant Pattern

flagAndPennant The Flag And Pennant Pattern Flags and Pennants can be categorized as continuation patterns. They usually represent only brief pauses in a dynamic stock. They are typically seen right after a big, quick move. The stock then usually takes off again in the same direction. Here is a Typical Flags and Pennants Pattern: Bullish flags are characterized by lower tops and lower bottoms, with the pattern slanting against the trend. But unlike wedges, their trend lines run parallel. Bearish flags are comprised of higher tops and higher bott

The Inverted Head and Shoulders Pattern

invertedheadAndShouldersPattern Inverted Head and Shoulders Pattern The inverted head and shoulders is typically seen in downtrends. invert of The Head and Shoulders Pattern. What's noteworthy about the inverted head and shoulders is the volume aspect. The Following is a Typical Trend of an Inverted Head and Shoulders Pattern The Formation of a Head and Shoulders Pattern The inverted left shoulder should be accompanied by an increase in volume. The inverted head should be made on lighter volume.

Five sectoral indices closed green while NEPSE Index loosing 0.14%

Five sector indices closed green while NEPSE Index loosing 0.14%; The NEPSE index closed at 1,897.08 today after losing 2.62 points from the last trading day's closing. This is a loss of 0.14%. The index lost 2.57 points yesterday. Nepse index 12-Dec-22 Five sector indices closed green; "Hotel and Tourism" gained the highest by 0.72%. Technical Analysis Technically Charts has not much changes although buyers are unable to beat sellers at buyers areas is not favorable sign for those who have bought.

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