Wedges Working
- Posted by UpsideTrader
- on November 7th, 2010
One of my favorite patterns (and a high probability set up) is the bullish or falling wedge. Here are three examples that have worked and continue to work well. Look for these on your daily charts, the same setup will work on your intra-day charts as well, as the pattern is the same. Good falling wedges should pullback on light volume and should be in an uptrend to begin with. Notice the gentle retracement to the rising moving average.
AIG
AAPL
AMZN
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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