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Patterns

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  1. Bullflag and Bearflag
  2. Head and shoulders
  3. Wedges
  4. Triangles
  5. ABCD & BAT
  6. Gartley & Butterfly
  7. Cypher, Shark & 5-0

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Patterns Wedges
Lesson 3 of 7
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Wedges

Jan

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.