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The ascending and descending triangles are used to indicate that a trend is likely to resume. This formation will appear after a prolonged uptrend or downtrend. These patterns are characterized by two converging lines in which one line is rising and the other is falling.
The wedge formation appears after a prolonged uptrend or downtrend. This pattern indicates that the current trend may be continuing. This pattern is characterized by two converging lines in which both lines are rising or falling in the same direction.
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