stocksSummary This chapter defines the descending wedges pattern and describes the psychology behind the pattern. The descending wedge is a bullish pattern. It consists of two nonparallel lines that, if extended, will meet on their right side. As the price bounces up and down between the two ...
Trading pattern pairs: descending broadening wedges. Take this slider quiz on descending broadening wedges. Does the pattern have a near horizontal top? Do you really mean a falling wedge? 3 tips to help you pick stocks. Selling tips. Here's a dozen selling tips every trader should know. ...
412 stocks tested. The first chart pattern appeared in August 1991 and the last in May 2018, giving me 14,372 trades. Bear market excluded. If the breakout from the wedge was in a bear market, I excluded the trade because I only wanted bull market results. If price dropped into a bear...