just some lines ad indicators. see previous short idea. same stat and probability:
Rising wedge statistics
- In 82% of cases, the exit is bearish.
- In 55% of cases, a rising wedge is a reversal pattern.
- In 63% of cases, the pattern’s price objective is achieved when the support line is broken.
- In 53% of cases, the price makes a resistance pullback on the rising wedge’s support line.
- In 27% of cases, false breaks (false exits) appear.
Notes on rising wedges
- The contact points on the rising lines must be significant because otherwise it might be a flag.
- The steeper the rising wedge’s trend lines (rising strongly), the more severe the downward movement is at the breakout (exit from the chart pattern).
- False breaks (or false exits) give an indication of the direction of exit. If a false bearish break occurs, the exit will be upwards in only 3% of cases. Exploiting a false bearish break is therefore statistically low risk.
- Retracements are generally twice as fast as the rising wedge was in its formation.
- Pullbacks are detrimental to the pattern’s performance.
- The break out point (exit) generally occurs at 60% of the length of the rising wedge.
- Very wide rising wedges give better performance than narrow rising wedges.
Rising wedge statistics
- In 82% of cases, the exit is bearish.
- In 55% of cases, a rising wedge is a reversal pattern.
- In 63% of cases, the pattern’s price objective is achieved when the support line is broken.
- In 53% of cases, the price makes a resistance pullback on the rising wedge’s support line.
- In 27% of cases, false breaks (false exits) appear.
Notes on rising wedges
- The contact points on the rising lines must be significant because otherwise it might be a flag.
- The steeper the rising wedge’s trend lines (rising strongly), the more severe the downward movement is at the breakout (exit from the chart pattern).
- False breaks (or false exits) give an indication of the direction of exit. If a false bearish break occurs, the exit will be upwards in only 3% of cases. Exploiting a false bearish break is therefore statistically low risk.
- Retracements are generally twice as fast as the rising wedge was in its formation.
- Pullbacks are detrimental to the pattern’s performance.
- The break out point (exit) generally occurs at 60% of the length of the rising wedge.
- Very wide rising wedges give better performance than narrow rising wedges.
Komentar:
Komentar:
eth/uni lookoing set for bearish movement. not a bad gamble
eth/uni lookoing set for bearish movement. not a bad gamble
Trading ditutup: target tercapai:
1st target reached. trade manual closed. still short tho