During writing of my book, Encyclopedia of Chart Patterns, 2rd Edition, I thought of broadening tops and bottoms then wondered if similar patterns would appear if the megaphone shape were tilted up. That is how I discovered the ascending broadening wedge chart pattern. I am not claiming to be...
The right-angled and ascending broadening chart pattern is a mid-list performer in bull markets. Downward breakouts perform slightly worse than upward breakouts, based on the performance rank.$ $ $For detailed information on this chart pattern, read Encyclopedia of Chart Patterns, 3rd edition (#...
Broadening wedge, ascending 153% -11% 49% 34% 1 115% 46/78 37% $2.73 45 Broadening wedge, descending 168% -11% 45% 32% 2 96% 26/57 31% $3.12 39 Bump-and-run reversal top 100% -12% 39% 30% 4 83% 212/252 46% $3.57 34 Diamond bottom 88% -12% 18% 13% 59 81% 13/...