Ascending broadening wedge
around 70% of the time,
the price breaks to the downside.
and only 30% to the upside.
keep in mind that a Ascending
Broadening wedge have a significant
failure rate. and textbooks
advice to only trade in a breakout of
the resistance line.
I will short the price. because of more than
one technical analysis indicate, that the price
will break under the support line.
one hour chart, a H&S formation
In the ascending broadening wedge,
Correctional waves have been made
After a longer period of drawdown ( see one week chart)
i am referring to my weekly chart
around 70% of the time,
the price breaks to the downside.
and only 30% to the upside.
keep in mind that a Ascending
Broadening wedge have a significant
failure rate. and textbooks
advice to only trade in a breakout of
the resistance line.
I will short the price. because of more than
one technical analysis indicate, that the price
will break under the support line.
one hour chart, a H&S formation
In the ascending broadening wedge,
Correctional waves have been made
After a longer period of drawdown ( see one week chart)
i am referring to my weekly chart
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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.