Replies to post #40989 on Short Term Trading Member Forum

[JLS]

golfin,

for another opinion on Rising Wedges:

Bulkowski ... "Rising wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have unacceptably high failure rates and small post-breakout declines. Also, pullbacks occur almost two-thirds of the time and throwbacks happen almost three-quarters of the time."

Overall performance rank for up/down breakouts (1 is best): 18 out of 23; 20 out of 21
Break even failure rate for up/down breakouts: 8%; 24%
Average rise/decline: 28%; 14%
Throwback/pullback rate: 73%, 63%
Percentage meeting price target for up/down breakouts: 58%, 46%

http://thepatternsite.com/risewedge.html