remember on these bull wedge patterns, you need a good initial
thrust out of the pattern i.e you want to see the conservative
target of the wedge pattern met (see the chart with symmetry
target), then what you want to look for is a higher low as that's
your better swing, the first trade out of a wedge is usually a
trade.
Also often times bull wedge patterns morph into Inverse H&S
patterns, hence the higher low I discussed above
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ERX 60m
Posted by mla127 on 15th of Dec 2014 at 09:39 am
ERX 60m Update
Posted by mla127 on 16th of Dec 2014 at 11:21 am
ERX Update
Posted by mla127 on 16th of Dec 2014 at 12:59 pm
Watching this flag on 5m ... trailling stop now @ 51
remember on these bull wedge
Posted by matt on 16th of Dec 2014 at 11:28 am
remember on these bull wedge patterns, you need a good initial thrust out of the pattern i.e you want to see the conservative target of the wedge pattern met (see the chart with symmetry target), then what you want to look for is a higher low as that's your better swing, the first trade out of a wedge is usually a trade.
Also often times bull wedge patterns morph into Inverse H&S patterns, hence the higher low I discussed above