Below is a slider quiz to test your ability to identify rising wedges and trade them. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.
1 / 7
I show a rising wedge at A (or is it?). The chart pattern sees price bounce from side to side of the pattern, filling the space between the two converging and rising
trendlines. In this example, price breaks out upward. That's unusual because the breakout is downward 60% of the time (which is close to random, really). As to the inset, if I draw the
lines differently, the rising wedge becomes a symmetrical triangle. Either interpretation is correct. Both breakout upward, so both are bullish. I actually prefer interpretation B, not A.
2 / 7
Find as many rising wedges as you can. For help, click here.
3 / 7
Heeere's the rising wedge. Let's try again. (Next slide, please)...
4 / 7
This is from Abbott labs. I glued parts of the chart together. Find as many rising wedges as you can.
5 / 7
I show two rising wedges. Let's trade one.
6 / 7
This rising wedge has a downward breakout. How far will price drop before it turns? Select one of the green lines A, B, C, or D.
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