Good pick mate.
Just a couple of statistics about the descending broadening wedge:
- In 79% of cases, there is a upward exit
- In 66% of cases, the descending broadening wedge appear on a consolidation movement
- In 81% of cases, the target of the pattern is reached once the resistance broken
- In 40% of cases, a pullback occur on the resistance
In 76% of cases, the exit is made in the side of the movement that preceded the shaping of the descending broadening wedge
My Way - Wednesday, page-34
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Last
8,285.2 |
Change
61.200(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,224.0 | 8,285.2 | 8,224.0 |
| XJO (ASX) Chart |