A rising wedge is generally considered bearish and is usually found in downtrends. |
Generally speaking, this means that the EUR's downtrends will likely continue throughout the day. |
The inverted head and shoulder is the opposite of the head and shoulder and is typically seen in downtrends. |
One can benefit from both uptrends and downtrends in the foreign exchange market. |
They rise less on the uptrends, and fall less on the downtrends. |
Indeed, uptrend periods follow downtrends, with an ensuing reduction of the annual variance as the horizon lengthens. |