Ascending Broadening Wedges tend to breakout in the direction of the previous price trend and so act as continuations of this move.
There are a few ways to trade these patterns. The target is the full height of the pattern, from the lowest low to the highest high forming the trendlines. Watch out for price reversing at the upper trendline on the fourth touch.
There are a few ways to trade these patterns. The target is the full height of the pattern, from the lowest low to the highest high forming the trendlines. Watch out for price reversing at the upper trendline on the fourth touch.
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