XJO 0.68% 8,205.4 s&p/asx 200

wealistic wednesday, page-14

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    troy

    I regard rising wedges as topping patterns when they come late in a move.

    The three higher tops are what McLaren calls a 3 thrust pattern which he regards as a termination sign.

    I don't believe any pattern guarantees the normal outcome.

    Others may have different views on that wedge.

    I understand what you mean about the bottom rising faster and you may have a point. Certainly flat topped triangles are usually expected to break upwards.

 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.