❌ Myth "A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality Proper rising wedge trading requires confirmation: 1.A clear break below the lower line (2 confirmed closes) 2.Volume increase on the break 3.A pullback that doesn't break above the lower line
💡 How to trade correctly: · Wait for the pullback after the break · Set stop-loss above the upper line · If price breaks above upper line, volume must confirm or it's a false breakout
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Milaluxury
· 06-10 04:31
Interesting information. Thank you.
Reply0
Ybaser
· 06-09 22:40
Buy to earn 💎
Reply0
GateUser-7e992bda
· 06-09 07:17
Buy to earn 💎
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ShiFangXiCai7268
· 06-09 06:35
💡 How to Trade Correctly: · Wait for a pullback after the breakout · Set the stop loss above the upper band · If the price breaks above the upper band, the Trading Volume must confirm, otherwise it is a false breakouts.
Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
· Wait for a pullback after the breakout
· Set the stop loss above the upper band
· If the price breaks above the upper band, the Trading Volume must confirm, otherwise it is a false breakouts.