However, it is advisable to monitor other technical analysis indicators and market news that could influence price action. Exit Strategy: Traders usually exit the position once the price reaches the predetermined target.This involves setting appropriate position sizes and using other technical analysis indicators to validate the pattern, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Risk Management: It is critical to manage risk effectively when trading the rising wedge pattern.Some traders use fibonacci retracement levels as additional targets to fine tune their exit strategy. ![]()
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