Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptable high failure rate and small post breakout declines. They also have a 72% probability of pullbacks.
Rising Wedges breakout direction: 60% probability downwards.
thepatternsite.com/risewedge.html
From Thomas Bulkowski- encyclopaedia of chart patterns. Link above.
Rising Wedges breakout direction: 60% probability downwards.
thepatternsite.com/risewedge.html
From Thomas Bulkowski- encyclopaedia of chart patterns. Link above.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.