The Rising Wedge shows that while prices are reaching higher highs, the momentum is slowing down. Buyers are finding it harder to push the price significantly higher, and the "higher lows" are catching up quickly. Eventually, the price usually breaks below the support line, leading to a sell-off. #StockMarket #ChartPatterns #risingwedge #spidersoftware | Spider Software - Algo Trading & Technical Analysis Platform
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"AVOID this rookie mistake when trading breakouts! ❌ Don't place your buy order directly at the breakout level. This often leads to getting stopped out by a minor pullback or 'fakeout.' The safer, smarter move? Place your order above the breakout wick high. This confirms the price is sustaining the move and increases your probability of catching a true trend! #BreakoutStrategy #TradingMistake #CandlestickAnalysis #PriceActionTrading #TradingTips #TechnicalAnalysis #TradingEducation #spidersoftwa
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