lowtrade

[lowtrade]

Not trying to argue the point. Some rising wedges do continue.

But that creates a failed wedge pattern and because the wedge pattern is a mid to long term pattern. The reason for the continuation and pattern failure, is usually a short term flag pattern within the final days of the wedge.

This is a point I've posted about alot. How long term patterns will morph into short term patterns. And one that trades chart patterns should always trade the most recent short term pattern over the longer term pattern.

This is an important fact to remember when trading TA & charts. Short term patterns first, mid to long term as support or concern.