For all please look at this for i created for learn
If you will see on small tf 5-15m this curve candle formation,
then is very high chance you can jump and earn some pips.
But you must see curve and SL will be under that lowest candle on that curve formation (green line)
99% wedge works only when is downtrend
and descending wedge or uptrend
and ascending wedge.
And you must see on descending wedge
at leat 2 long shadows candle what
confirm bottom wedge (on this chart)
or when we see spike on ascending
wedge what will confirm our top line.
SL will be always under cross both line.
In some cases i saw fake breakout what was under
cross and then back, so SL little lower on that.
wedge have always 1-5 TP and
on this small wedge have
2 TP showed on screen.
Where candle what created top
or bottom and hit line
If you will see on small tf 5-15m this curve candle formation,
then is very high chance you can jump and earn some pips.
But you must see curve and SL will be under that lowest candle on that curve formation (green line)
99% wedge works only when is downtrend
and descending wedge or uptrend
and ascending wedge.
And you must see on descending wedge
at leat 2 long shadows candle what
confirm bottom wedge (on this chart)
or when we see spike on ascending
wedge what will confirm our top line.
SL will be always under cross both line.
In some cases i saw fake breakout what was under
cross and then back, so SL little lower on that.
wedge have always 1-5 TP and
on this small wedge have
2 TP showed on screen.
Where candle what created top
or bottom and hit line
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.