The stocks is placing a bullish pattern
Descending broadening wedge
CASE 1: formation of a descending broadening wedge after a trough
This type of pattern appears on the troughs, it is a bullish reversal pattern.
The break in the resistance line definitively validates the pattern.
The price objective is determined by the highest point at which the descending broadening wedge was formed.
NB: often, the steeper the descending broadening wedge’s trend lines, the faster the price objective is reached.
Statistics of the descending broadening wedge after a bullish movement
In 80% of cases, the exit is bullish.
In 75% of cases, a descending broadening wedge is a reversal pattern.
In 60% of cases, a descending broadening wedge’s price objective is achieved when the resistance line is broken.
In 21% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.
Descending broadening wedge
CASE 1: formation of a descending broadening wedge after a trough
This type of pattern appears on the troughs, it is a bullish reversal pattern.
The break in the resistance line definitively validates the pattern.
The price objective is determined by the highest point at which the descending broadening wedge was formed.
NB: often, the steeper the descending broadening wedge’s trend lines, the faster the price objective is reached.
Statistics of the descending broadening wedge after a bullish movement
In 80% of cases, the exit is bullish.
In 75% of cases, a descending broadening wedge is a reversal pattern.
In 60% of cases, a descending broadening wedge’s price objective is achieved when the resistance line is broken.
In 21% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.
Mark Minervini VCP Complete Guide
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youtu.be/KzEJsqbAmB0
Follow my X profile for FREE proitable trading setups!
x.com/Khalaf_stocks
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Mark Minervini VCP Complete Guide
youtu.be/KzEJsqbAmB0
Follow my X profile for FREE proitable trading setups!
x.com/Khalaf_stocks
youtu.be/KzEJsqbAmB0
Follow my X profile for FREE proitable trading setups!
x.com/Khalaf_stocks
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.