Rising Wedge

Launch Chart
KUNAL KAMBLE
HOOD
·
Feb 13 2024
snapshot
Security has formed a proper rising wedge pattern.
A rising Wedge breakout on the downside has a higher probability of winning the trade.
Currently, the security is trading near the EMA.
ADX is showing strength in the formation. A breakout on either side with ADX trading above 20 will be an excellent confirmation to enter.
A breakout on the upside/downside will be an opportunity to enter long/short security.
Trade as per breakout