The wedge has a very strong signal.
Remember how we told you about trading in triangles? Now we’ll talk about one of the varieties of triangles – the wedge shape. The main feature and advantage of the wedge is that it is formed faster than a regular triangle, which means you won’t have to wait as long! The wedge is a strong reversal pattern if it is in the direction of the trend. And if the wedge is in the opposite direction of the trend, this indicates a continuation of the trend, at least for the near…
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