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DJ123
May 25, 2019 10:48 PM

AE/BTC! Weekly Falling Wedge! Long

Description

AE/BTC! Weekly Falling Wedge! Has great potential and has found it's bottom. (Confirmation for breakout) Wait for a close outside one of the trendlines before taking a position. Also Characteristic Discussion: Price trend; Can be in any direction leading to the pattern. The falling wedge shape price follows two down-sloping and converging trendlines and the price should touch each trendline at least five times to outline a good pattern. That's 3 touches of one trendline and 2 of the opposite.The duration shouldd be at least 3 weeks minimum for a complete duration, otherwise it's a pennant. Our volume trend downward 75% of the time until the breakout. The breakout can be in any direction but is upward 68% of the time.
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