right-angled descending broadening wedge pattern on EUR/USD
right-angled descending broadening wedge, with huge price targets to the down and up, 330 pips down 660 pips up.
here are some stats on right-angled descending broadening wedge from centralcharts.com:
- In 57% of cases, there is a bullish exit
- In 90% of cases, the minimum objective of the pattern is achieved by using the technique of the maximum height of the triangle. In the event of a downward exit, the percentage drops to 70%.
- The failure rate is 6% (i.e. a horizontal exit).
- In 23% of cases, there is pullback in the case of a bullish exit and 33% in the case of a bearish exit
here are some stats on right-angled descending broadening wedge from centralcharts.com:
- In 57% of cases, there is a bullish exit
- In 90% of cases, the minimum objective of the pattern is achieved by using the technique of the maximum height of the triangle. In the event of a downward exit, the percentage drops to 70%.
- The failure rate is 6% (i.e. a horizontal exit).
- In 23% of cases, there is pullback in the case of a bullish exit and 33% in the case of a bearish exit