The "Wedge" trend continuation price model

Technical analysis figure "Wedge" form and time of formation is in many ways similar to Vimpel price models and the Triangle. But still, "Klina" has its own peculiarities:

- In contrast to Vympel" figures, "Klina" does not have a pronounced prior trend.

- After the exit of the price from the "wedge" consolidation zone, at the break pricing model it is impossible to identify the ultimate goal of this price movement, we can only talk about the continuation of the initial trend.

- Another distinguishing feature of the wedge price model is its more noticeable tilt angle to the main movement. That is, the corrective pullback, following the logic of the "wedge" will be deeper than, for example, at "Vympel" or "Flag.".

Thus, after identifying on the graph Technical analysis figures "Wedge"The position opening should be made in the direction of a consolidation break in the direction of the main movement.

Example of working out the "Wedge" pricing model