Wedges Working

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.