Apparently, this is a bullish pattern and breaks up 63% of the time per Bulkowski.
Measured the time and price % change from peak to trough ping pongs in this wedge, price is inherently unstable and is accelerating between ranges.
Wedge resistance is $180.
* 115 days to drop 39%
* 142 days to rise 62% back to wedge resistance
* 26 days to drop 48.5% to wedge support
* 52 days to rise 91% to wedge resistance $180
Measured the time and price % change from peak to trough ping pongs in this wedge, price is inherently unstable and is accelerating between ranges.
Wedge resistance is $180.
* 115 days to drop 39%
* 142 days to rise 62% back to wedge resistance
* 26 days to drop 48.5% to wedge support
* 52 days to rise 91% to wedge resistance $180
Note
As expected, this pattern broke to the upside. Now price is pushing outside upper daily bbands on 2 and 3 std dev for two days in a row.I expect a pullback to breakout resistance.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.