UPDATE : Target achieved near 0.766
For self study
The breakpoint is generally located around 65% of the length of the falling wedge.
Entry: Take a position at the breakout of the resistance
Stop: The stop is placed below(above) the last lowest(highest)
Target: Theoretical target of the pattern
Advantage: The theorical target of the pattern is almost always reached (88%).
Disadvantage: There is 1/4 of false breakouts
For self study
The breakpoint is generally located around 65% of the length of the falling wedge.
Entry: Take a position at the breakout of the resistance
Stop: The stop is placed below(above) the last lowest(highest)
Target: Theoretical target of the pattern
Advantage: The theorical target of the pattern is almost always reached (88%).
Disadvantage: There is 1/4 of false breakouts
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.
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.