Rick Ducat Explains Mild Rising Wedge Price Patterns

Rick Ducat shows a rangebound pattern on the chart of soybean futures with a potential breakout. He explains trendlines aa lines drawn along peaks or troughs in price in direction of the trend. He says trendlines can remain valid even if price fluctuates outside but are a subjective form of analysis. Next he analyzes the chart of corn futures, with a rising wedge pattern.

Futures

09 Apr 2021

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Rick Ducat Explains Mild Rising Wedge Price Patterns

Rick Ducat shows a rangebound pattern on the chart of soybean futures with a potential breakout. He explains trendlines aa lines drawn along peaks or troughs in price in direction of the trend. He says trendlines can remain valid even if price fluctuates outside but are a subjective form of analysis. Next he analyzes the chart of corn futures, with a rising wedge pattern.

Futures

09 Apr 2021