Lesson 3 of 7
In Progress

Wedges

Wedges

·  Wedge is created by 2 trend lines closing to each other. You will be looking for an apex of them.

·  Wedge is created by 5 touches. 3 on one side, 2 on other side.

·  Volume should be declining through the formation and you wan’t to see massive increase when breaking a wedge.

·  Confluence with horizontals at the top/bottom of the wedge is very nice confluence to enter a trade.