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flying wedge
(redirected from Wedge formation)

    Also found in: Wikipedia 0.01 sec.
flying wedge
n.
A compact, wedge-shaped formation, as of police or guards, moving as a body and used especially for penetrating crowds.
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For USDCAD, a descending wedge formation offers a general zone of price action.
USDCAD Range Relatively Well Rooted Against Risk Trends by Mena Report
Wedge formations are not only interesting as reversal or continuation patterns but are also good for recognizing an Elliott beginning or ending wedge impulse wave.
Continuation Patterns in Stock Charts by Sylvain Vervoort / Finance and Investment community
The euro finally broke out of a wedge formation on Monday thanks to a resurgence in risk appetite triggered by the US government's announcement of a 306 billion-dollar rescue package for Citigroup," said Terri Belkas as Forex Capital Management.
Dollar mostly weaker as risk appetite returns by AFP / AFP Global Edition
 
 
 
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