The Ascending Broadening Wedge
previous market performance:
Break even failure rate for up/down breakouts: 10%/24%
Average rise/decline: 43%/14%
Throwback/pullback rate: 68%/62%
Percentage meeting price target for up/down breakouts: 70%/65%
Price trend Can be up or down leading to the pattern
Shape looks like A megaphone tilted up, Both trendlines slope upward. The top one slopes more steeply than the bottom one.
At least three peaks and three valleys should touch their respective trendline.
Volume - Irregular but trends upward 65% of the time.
Breakout Downward 52% of the time.
Since the bottom trendline slopes upward, do not short this pattern at the top trendline. Go long at the bottom when price bounces off the bottom trendline, heading up.
SELL:0.00007503sats up to 0.00008249sats
When price touches the bottom trendline for the third time and begins rising, buy.
This is for aggressive traders because the breakout is often downward.
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.