rising wedge, page-8

Rusty nice example with RIO, another example of a break out to the upside from a rising wedge is nickel going back to 25/8/06 to 19/1/07 on a weekly. However it did form another rising wedge later around the 30/3/07 to the 25/5/07 and eventually collapsed soon after. Perhaps these signals give best results after a strong move.

So i guess not all rising wedges are bearish, but all we can do is take a position and get out quickly when we are wrong.