A pattern I've noticed a lot is a small break of the wedge into an immediate sell off but the structure of the wedge remains.
Can get some really good RRs when:
1) This sell off goes very close to the low of the wedge
2) Wicks the low of the wedge, trades up and finds support above the low and very quickly goes to breakout again.
Much better probability of breakout when the break is not "fresh". The deeper this pullback the better the RR and the further it will go when it breaks. All about getting people either on the wrong side, or chasing
Anyway, would like to see this keep above 1.95.
Can get some really good RRs when:
1) This sell off goes very close to the low of the wedge
2) Wicks the low of the wedge, trades up and finds support above the low and very quickly goes to breakout again.
Much better probability of breakout when the break is not "fresh". The deeper this pullback the better the RR and the further it will go when it breaks. All about getting people either on the wrong side, or chasing
Anyway, would like to see this keep above 1.95.
Losers small winners bigly