WEDGE TRADING STRATEGY
1-How should we use this strategy?
Whenever in a BEARISH-trend, seeing that the distance between the HIGH and LOWS gradually increases
2-Connect the HIGHS and LOWS with two diagonal lines.
If the slope of both lines is negative and divergent, we have an EXPANDING WEDGE
3-In the following, we use the RSA indicator. If you see a divergence between the last two HIGHS, look for confirmation of the construction of the HIGH and growth
4-There are different ways to identify LOW formation
The simplest is the breaking of the BEARISH trend-line of the last falling movement.
With the breaking of this trend-line, the construction of the LOW and the start of growth is confirmed!!
5-Result: growth with strong momentum
6-Question from you???
What can this sharp drop mean before continuing growth?
Comment me. I will give a prize to the best answer
Whenever in a BEARISH-trend, seeing that the distance between the HIGH and LOWS gradually increases
2-Connect the HIGHS and LOWS with two diagonal lines.
If the slope of both lines is negative and divergent, we have an EXPANDING WEDGE
3-In the following, we use the RSA indicator. If you see a divergence between the last two HIGHS, look for confirmation of the construction of the HIGH and growth
4-There are different ways to identify LOW formation
The simplest is the breaking of the BEARISH trend-line of the last falling movement.
With the breaking of this trend-line, the construction of the LOW and the start of growth is confirmed!!
5-Result: growth with strong momentum
6-Question from you???
What can this sharp drop mean before continuing growth?
Comment me. I will give a prize to the best answer
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