The Rising Wedge
Prosenjit Ghosh
SEBI Registered Research Analyst | Price Action Trader | Mentor | Trainer | Algorithmic Trader | Quant | Winner of Zerodha 60 days & Fyers 30 days Challenges.
A Rising Wedge is a Bearish Pattern, that we all have learnt in the past from different sources. ??
But then why this pattern is acting opposite most of the time? Why it worked only once? Is there something we missed?
In all the YouTube Videos or courses they teach that Rising Wedge is a Bearish Pattern and it works all the time. But results on real trading is different and no one is talking about it. ??
At the beginning of my career I also thought they all are same and Wedges don't work all the time, but I was wrong.
These are three different patterns which are look alike and their trading bias is completely different.
?? While Rising Wedge is Bearish but Running and Mountain are Bullish.
Once we are capable to identify these three patterns, then we can trade them as per their bias. Go Long in Mountain and Running, and Go Short in Rising Wedge.??
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