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Education & Trading Idea
Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down.
When the pattern completes, and the price breaks out of wedge, it is usually in the opposite direction...
Breakout happened with high volume, But it keeps on failing for the last 2 days. One can confirm after the next candle. I am shorting this trade after two days.
Detailed suggestions and perspectives are welcome
Short only if it breaks the low of the previous day with a stop loss at the previous day's high
Long only if it breaks the high of the previous day with a stop loss at the previous days;s low
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the...