Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptable high failure rate and small post breakout declines. They also have a 72% probability of pullbacks.
Rising Wedges breakout direction: 60% probability downwards.
thepatternsite.com/risewedge.html
From Thomas Bulkowski- encyclopaedia of chart patterns. Link above.
Rising Wedges breakout direction: 60% probability downwards.
thepatternsite.com/risewedge.html
From Thomas Bulkowski- encyclopaedia of chart patterns. Link above.