AUD/USD daily- Rising Wdge.
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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