Falling wedge pattern with big profit expectancy 3-5 fold $APT The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling
wedge pattern is considered to be a reversal
pattern, although there are examples when it
facilitates a continuation of the same trend.
This article explains the structure of a falling
wedge formation, its importance as well as technical approach to trading this pattern. We will discuss the rising wedge pattern in a separate blog post.
How to trade it :
A:
falling wedges entries are right on the breakout however , such a mega falling wedge to be played differently.
Entry: after breaking the wedge's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border's breakout rate.
Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5)
Stop loss: can either $3 price mark, or a Pre defined level per your trading conditions however , you should give the trade a room .
B
Buy and slice while it's moving up .
The setup is crazy and might go five to ten fold increase , Yes I know what I'm talking about , Check my other ideas here $INDO .
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Good luck!
