https://www.tradingview.com/chart/8dzJrxbL/
Can ascending triangle be bearish? Yes, in some instances a breakout of the ascending trendline can produce a bearish signal. However, generally, the ascending triangle is a bullish price formation that occurs within an uptrend. If it develops within a downtrend it can be considered a bearish continuation pattern.
Is a Rising Wedge Bullish or Bearish? A rising wedge is generally a bearish signal as it indicates a possible reversal during an up-trend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.
Can ascending triangle be bearish? Yes, in some instances a breakout of the ascending trendline can produce a bearish signal. However, generally, the ascending triangle is a bullish price formation that occurs within an uptrend. If it develops within a downtrend it can be considered a bearish continuation pattern.
Is a Rising Wedge Bullish or Bearish? A rising wedge is generally a bearish signal as it indicates a possible reversal during an up-trend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.
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